Homeowners with financial difficulties, including those facing imminent foreclosure on their homes, may decide that they need to sell their homes even if they don’t make enough to pay off the mortgage. This is known as a short sale, and it’s a complex real estate...
Short Sale
What is a short sale of real estate?
A person who is looking for a home to purchase may notice that some are listed as short sales. This doesn’t mean that the sale is going to happen quickly. In fact, it usually means the exact opposite. In real estate, a short sale is a home that is being offered for...
Is it worth buying a short sale?
Houses are getting to be extremely expensive, so if you see that there is a short sale on the market, you may be interested in buying it. In a short sale, the homeowner sells the property for less than they owe on the mortgage, which helps you get it at a fair price....
Is a short sale an easy purchase? Is it worth it?
Buying a short sale can be a great way to get a property at a low price. However, it is a risk. While the sellers are trying to avoid going into foreclosure, their mortgage lender still has to agree to take less for the home than it is worth. Short sales seem like...
