Occasionally. Often times people hear the phrase "short sale" and instinctively think of a seller that is insolvent and must sell their house fast to avert 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, but property values have fallen. In cases such as these the discounted price may in fact be closer to current market values, not below.
What's involved in buying a short sale?
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