Real estate blog entries tagged with short sale by Don King (RE/MAX Rancho Bernardo)

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Home : Blogs : Don King : Don King's Rancho Bernardo Blog : Tag "short sale"

short sale: "Beware Of Buying Short Sales" - 11/10/08 11:17 AM

If you are in the market to purchase a home, you will discover that many properties on the market these days are "short sales". This means the owners are upside-down. They owe more on the property than they will net if they sell the property.
Whenever an owner who is upside-down accepts a purchase offer, it will always be a contingent acceptance that is conditional upon the approval of the lender(s). This is because the banks must agree to accept less money than is owed to them.
The upside-down seller is often willing to accept any offer. After all, they will get no … (0 comments)

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Don King

Rancho Bernardo, CA

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RE/MAX Rancho Bernardo

Address: 10413 Craftsman Way, San Diego, CA, 92127

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