home buyers: Tips for a Successful Short Sale Purchase
- 11/10/11 06:26 AM
Purchasing a property in a short sale transaction will require negotiating with the lender (or lenders if there is a first and second mortgage on the home) to accept a payoff less than the balance due on the loan.
Get pre-approved for a loan with a local lender (the laws are different from state to state). This will ensure the seller & listing agent know you are qualified for the purchase and strengthen your offer in a multiple offer situation. Request from the listing agent details on the loan(s). What kind of mortgage do they have (Conventional, VA, FHA, … (0 comments)
Purchasing a property in a short sale transaction will require negotiating with the lender (or lenders if there is a first and second mortgage on the home) to accept a payoff less than the balance due on the loan. 
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