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How much can you offer on short sale homes?
We are looking to buy a house that is being sold as a short sale. Was included $ 155,000 and now appear as a short sale of $ 139,900. With the housing market is so bad, do not know what to offer. Not really even know what which is a short sale. The house was built in 1997 and is in a good neighborhood. It is also in great condition. What is a short sale and what we offer??
A short sale (or sometimes called a contract of sale) occurs when a mortgage company agrees to help an owner sell their home despite the owner can not sell the house enough to pay the mortgage. If a homeowner in this situation has no cash in the bank or any other asset that can be sold for pay the difference, the bank will often agree to “forgive” the difference or the loan of the seller the difference with a personal note. The bank wants to ensure that: The house is sold to the top of a price as possible in today’s market. The seller has no choice and the loan will soon be in default if the short sale is not accepted. There is fraud in the original purchase or sale today. (If you are trying to short sale your boyfriend to defraud the bank, for example) that the bank will be more benefits of accepting the short sale than foreclosing on the house. ——————– None of this means that the house will be a good buy for you. To determine if a good price for you, then you should compare this house to other homes on the market that are similar. Choose the one that you will be happy with and happy with the price – which is the best house. For More Help: CLICK HERE NOW!
How to Buy a Foreclosure or Short Sale Home
