Want to purchase a short sale?
If a homeowner owes more on their house than its value, it's becoming increasingly common for the lender to agree to a short sale, whereby the lender agrees to release the mortgage for an amount less than what's due. Should you have any questions regarding real estate in Lake Worth, Florida, contact me here or e-mail me
Are they good deals?
From time to time, yes. Many people hear the words "short sale" and automatically think of a seller that is in trouble and needs to sell their house quickly to prevent further financial problems. This is occasionally the case and can be an opportunity for a buyer to take advantage of another's misfortune. In contrast, a lender may consider a short sale even if the seller isn't delinquent with their payments, but property values have declined. In cases such as these the reduced price may in fact be consistent with true market values rather than below.
What's involved in buying a short sale?
If you're ready to buy, whether it is a short sale or a typical home sale,
Southdale Properties, Inc. is available for you. Apply my experience and knowledge of real estate to be confident you're getting a fair deal and remain protected during the whole process.