Ready to make a deal on a short sale?
If a homeowner is upside down on their mortgage payments, it's becoming increasingly common for the lender to agree to a short sale, whereby the lender agrees to release the mortgage for an amount less than what's owed. Should you have any questions about real estate in Landrum, South Carolina, contact me here or e-mail me
Are short sales good deals?
The short answer is "sometimes". Most people hear the term "short sale" and routinely think of a seller that is in default and needing to sell their property fast to prevent further financial problems. This is occasionally the case and can be an opportunity for a buyer to take advantage of another's misfortune. On the other hand, a lender may consider a short sale even if the seller isn't delinquent with their payments, but property values have fallen. In these cases the reduced price may in fact be consistent with actual market values instead of below.
What's involved in buying a short sale?
When it is time to buy, whether it be a short sale or a typical home sale,
Mickey Hambright is here to help. Utilize my experience and knowledge of real estate to be certain you're getting a fair deal and protect yourself during the complete matter.