Alpine Short Sales, Currently the lowest prices in town. Alpine Short Sale Homes as low as $169,900 and Alpine Short Sale Condos as Low as $89,000
"Short Sales"are where the homeowner still owns the house, but is selling it for
less than they owe the bank for their mortgage, so the seller needs the mortgage holder's approval before selling the home. Therefore once the owner accepts your offer, you then need to wait while the bank negotiates with both parties, the current owner and you. As a result the buyer is
negotiating twice instead of just once and therefore prolonging the time it
takes to buy the house. Once the bank gives the approval traditional escrow times apply of 30-45 days. As a reward for your time and patience short sales usually sale less than comprable traditional sales and bank owned foreclosures. Banks are claiming to take less time than they used to but general time from the offer to close is 3-6 months. TIP-The best time to get in a short sale is when the bank has decided on a price and terms, but the original buyer found something else in the time periord. Leaving a gap for you to step into as long as those terms are acceptable to you.
Current Short Sales in Alpine
Comments(0)