Real estate blog entries tagged with buying a short sale by Lynn Arends - Attorney | Designated Broker (Lynn Arends Law Group PLLC & Lynn Arends Realty Group)

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Home : Blogs : Lynn Arends - Attorney | Designated Broker : Lynn Arends - Attorney | Designated Broker 's Blog : Tag "buying a short sale"

buying a short sale: Buying a Short Sale: From the Buyer’s Point of View - 11/28/11 05:07 PM

OVERVIEW
Buyers pursue short sales to get a good deal. But you might want to think twice about making an offer on a pre-foreclosure, short sale home. It's not as simple as you may believe, and very few can close in 30 (or even 60) days or less.
A short sale occurs when a bank agrees to accept less than what is owed on a Mortgage or Deed of Trust to release its lien. Negotiated right, a short sale can be an excellent alternative to foreclosure to both sellers and buyers. And banks will consider a short sale because it allows … (1 comments)

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Lynn Arends - Attorney | Designated Broker

Seattle, WA

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