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When a lender and a seller agree to release a mortgage for an amount less than what's owed on a house, it's called a short sale. If you have questions about real estate in Baldwin, New York, contact me here or e-mail me.
From time to time, yes. Many people hear the term "short sale" and automatically think of a seller that is in financial trouble and needs to sell their home quickly to avert further financial problems. This is occasionally the case and can be an opportunity for a buyer to do well from another's misfortune. More commonly, a lender may consider a short sale even if the seller isn't delinquent with their payments, but property values have depreciated. In these instances the "bargain" price may in fact be closer to actual market values instead of below.
What's involved in buying a short sale?
Hire an agent with short sale knowledge. Sailing Home Realty, Corp. can assist you in expediting the transaction and make sure you're protected. Don't let inexperience hinder the closing process. Put my experience and knowledge to work in your favor.
When you're ready to buy, whether it be a short sale or a typical home sale, Sailing Home Realty, Corp. is available for you. Utilize my experience and knowledge of real estate to be confident you're getting a fair deal and are protected during the entire matter.