Want to buy a short sale?
If a seller is upside down on their mortgage payments, they can sometimes get the lender to agree to a short sale, whereby the lender consents to release the mortgage for a sum less than what's due. Should you have questions about real estate in Austin, Texas, contact me here or e-mail me
Are short sales good deals?
From time to time, yes. Most people hear the term "short sale" and routinely think of a seller that is in default and needs to sell their house quickly to avoid further financial problems. This is at times the case and can be an opportunity for a buyer to cash in on 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 current market values rather than below.
What's involved in buying a short sale?
When it's time to buy, whether it is a short sale or a typical home sale,
Issac W. Harper Real Estate Broker/Realtor© is here to help. Use my experience and knowledge of real estate to make sure you're getting a fair deal and are protected during the whole process.