I've posted blogs in the past regarding short sales. Recently I came across this article in Realty Times and thought it worth passing along. If you're thinking about buying a short sale, you may get a great buy, get one more property off the market and be in for a long wait before the lender responds, if ever. This article explains why low ball offers may be ignored by the lender. If thinking about buying a short sale, get recent comparable sale information and make a reasonable offer. There can be success as long as you understand the process and are realistic with your expectations.
Realty Times - Top 10 Home Buying Tips For Short Sales – A Guide To Understanding Short Sale Foreclosure Real Estate
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