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SHORT SALES AND FORECLOSURES
A Short Sale is an arrangement between the Current Property Owner and the bank that lent them the money to accept an offer for less money than the total amount to pay off the home. t 2007 Real Estate News
If you are a Buyer/Investor don't expect it to go as quickly as any other sale. Typical cases are completed in 90 Days or less.If you are considering buying a Short Sale obtain Legal Advice and discuss Short Sale ramifications with an Accountant.
Realtors helps you find such opportunities, writes the contract offer and helps negotiate terms and conditions. The Realtors commission is paid by the Bank.
