The short answer is "sometimes". Most people hear the term "short sale" and automatically think of a seller that is in default and must sell their house promptly to avoid further financial problems. This is occasionally the case and can be an opportunity for a buyer to take advantage of another's misfortune. More commonly, a lender may consider a short sale even if the seller is current, but property values have fallen. In these instances the reduced price may in fact be closer to actual market values, not below.
How do I buy a short sale?
Hire an agent with short sale knowledge.
Masterson Network can aid you in expediting the transaction and ensure that you're protected. Don't let inexperience impede the closing process. Let my experience and knowledge work in your favor.
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