The short answer is "sometimes". Most people hear the phrase "short sale" and automatically think of a seller that is in default and must sell their home 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. 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 in line with actual market values, not below.
How do I buy a short sale?
Use a real estate agent with short sale experience.
Coldwell Banker High Country Realty can help expedite the transaction and make certain you're protected. Don't let inexperience hinder the closing process. Let my experience and knowledge work for you.
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