Want to purchase a short sale?
When a lender and a seller agree to release a mortgage for an amount less than what's owed on the property, it's called a short sale. Should you have questions about real estate in Landrum, South Carolina, contact me here or e-mail me
Are short sales bargains?
From time to time, yes. Many people hear the words "short sale" and instinctively think of a seller that is in financial trouble and needing to sell their house promptly to avert further financial problems. This is occasionally the case and can be an opportunity for a buyer to make the most of another's misfortune. More commonly, a lender may consider a short sale even if the seller isn't delinquent with their payments, but property values have declined. In these instances the discounted price may in fact be closer to true market values, not below.
How do I buy a short sale?
If you are ready to buy, whether it's a short sale or a typical home sale,
Mickey Hambright can help. Apply my experience and knowledge of real estate to be confident you're getting a fair deal and will be protected during the whole matter.