Sometimes. Often times people hear the term "short sale" and instinctively think of a seller that is in default and must sell their property quickly to avoid further financial problems. This is occasionally the case and can be an opportunity for a buyer to cash in on another's misfortune. On the other hand, 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 reduced price may in fact be closer to current market values rather than below.
How do I buy a short sale?
Use an agent with short sale knowledge.
Coldwell Banker High Country Realty can aid you in expediting the transaction and make sure you're protected. Don't allow inexperience to slow down the closing process. Let my experience and knowledge work in your favor.
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