When your short sale is a foreclosure in sheep’s clothing, what can you do to make sure you don’t lose any of your deposits? Here’s what I suggest. Q: I read with interest your definition of a short sale in a recent column in the real estate section of our paper. We have a contract [...]
After the housing bubble burst and the recession hit, many homeowners had trouble paying their bills. Some lost their homes, while others opted to sell their homes in a short sale. This gave buyers a great opportunity to purchase homes at less-than-fair market value. In a short sale, the lender agrees to accept less than [...]
Buying a foreclosure or short sale is basically the same as buying any property on the housing market. You may be able to get a good deal on a foreclosure or short sale if the market is full, but the market value and property value in your area will drive the pricing and financing the loan. Watch this Expert Real Estate Tips video for more information about short sales and buying a foreclosure.