One this page we’re going to discuss short sales. They can take a while, but if you can wait it out you may get a great deal on your next real estate purchase.
One this page we’re going to discuss short sales. They can take a while, but if you can wait it out you may get a great deal on your next real estate purchase.
How do I purchase a short sale?
By: Julie on October 12, 2011
at 6:03 pm
Julie,
Thank you for your question. You start a short sale purchase the same as every other real estate transaction – select your property and make an offer to the seller. Once the seller accepts your offer, however, is where the short sale process differs. The seller sends your approved offer to their lender for the lender to also approve, in essence the lender agrees let you sell the property for less than what is owed on the mortgage.
Please feel free to call me anytime to discuss the short sale process.
Mark Brandt
By: Tampa Bay Sold Team on October 12, 2011
at 6:16 pm