A short sale means the homeowner's lender consents to receive a reduced payment to release a mortgage.
Sometimes. Most people hear the phrase "short sale" and automatically think of a seller that is in default and needing to sell their home promptly to avert further financial problems. This is occasionally the case and can be an opportunity for a buyer to take advantage of another's misfortune. Alternatively, a lender may consider a short sale even if the seller is current, but property values have depreciated. In these cases the reduced price may in fact be in line with actual market values rather than below.
Are you ready to buy a short sale property?
Hire a real estate agent with short sale knowledge. The real estate agents at RE/MAX PROFESSIONALS can help expedite the transaction and make certain you're protected. Don't allow inexperience to impede the closing process. Put our experience and knowledge to work in your favor.
When it's time to buy, whether it's a short sale or a typical home sale, RE/MAX PROFESSIONALS is available for you. Apply our experience and knowledge of real estate to make sure that you are getting a fair deal and are protected during the entire purchase transaction.