The short answer is "sometimes". Many people hear the term "short sale" and automatically think of a seller that is insolvent and needs to sell their home promptly to prevent further financial problems. This is at times 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, but property values have declined. In these instances the reduced price may in fact be consistent with true market values, not below.
What's involved in buying a short sale?
Get a real estate agent with short sale expertise.
Petrovich Realty can aid you in expediting the transaction and ensure that you're protected. Don't allow inexperience to hinder the closing process. Put my experience and knowledge to work in your favor.
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