Ready to make a deal on a short sale?
If a seller owes more on their house than its value, 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. For more information, just contact me
through my site or e-mail me
. I'm happy to address any questions you have about real estate short sales.
Can I get a good deal on a short sale?
Sometimes. Often times people hear the term "short sale" and routinely think of a seller that is in trouble and must sell their property quickly to avert further financial problems. This is occasionally the case and can be an opportunity for a buyer to do well from 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 depreciated. In these cases the discounted price may in fact be consistent with true market values, not below.
How do I buy a short sale?
When it is time to buy, whether it's a short sale or a typical home sale,
Mickey Hambright is available for you. Apply my experience and knowledge of real estate to feel confident that you are getting a fair deal and protect yourself during the full transaction.