Want to make a deal on a short sale?
When a lender and a homeowner agree to release a mortgage for an amount less than what's owed on the property, it's called a short sale. If you have any questions regarding real estate in Austin, Texas, contact me here or e-mail me
Are they good deals?
Every now and then a good deal will come along. Often times people hear the words "short sale" and automatically think of a seller that is in default and needing to sell their property fast to prevent further financial problems. This is sometimes the case and can be an opportunity for a buyer to make the most of another's misfortune. More commonly, a lender may consider a short sale even if the seller is current with their mortgage, but property values have depreciated. In these cases the reduced price may in fact be consistent with actual market values rather than below.
How do I buy a short sale?
When you're ready to buy, whether it is a short sale or a typical home sale,
IREAF, LLC can help you. Apply my experience and knowledge of real estate to be confident you're getting a fair deal and protect yourself during the entire process.