The short answer is "sometimes". Most people hear the term "short sale" and automatically think of a seller that is in trouble and needing to sell their home fast to avoid further financial problems. This is sometimes the case and can be an opportunity for a buyer to cash in on 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 declined. In these instances the "bargain" price may in fact be consistent with actual market values instead of below.
How do I buy a short sale?
Get a real estate agent with short sale knowledge.
Target Cost Realty, LLC can aid you in expediting the transaction and make sure you're protected. Don't allow inexperience to delay the closing process. Put my experience and knowledge to work in your favor.
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