What is a short sale?
A short sale is a preemptive maneuver homeowners can make to avoid foreclosure by the bank. Obviously, the lender must be involved with this solution because the amount generated by a short sale
is usually significantly lower than the amount owed on the loan.
The upside for buyers?
- Buyers looking at homes may have the opportunity to acquire a great property at a significant discount.
The downside for buyers?
- Short sales are complicated and time consuming. Dan is an experienced short sale agent. If you are considering a property listed as a "short sale", give us a call.
For more information about buying short sales, click here...