real estate attorney: BUYING IN SHORT SALE: OPPORTUNITY AND RISK
- 03/22/21 03:10 PM
Buying in short sale may offer the best opportunities in a decade because of the COVID-19 lockdowns. The moratoriums on evictions and closures of small businesses have created a backlog of distressed property concealed by moratoriums on foreclosures. As these moratoriums end with the easing of COVID-19 distressed properties will hit the market. Homebuyers and investors can save a lot of money buying a property in a short sale. While this savings can be a tremendous, it is important to remember the buyer will earn this savings and must be prepared for the obstacles posed by a short sale. The opportunities buying in … (0 comments)
Buying in short sale may offer the best opportunities in a decade because of the COVID-19 lockdowns. The moratoriums on evictions and closures of small businesses have created a backlog of distressed property concealed by moratoriums on foreclosures. As these moratoriums end with the easing of COVID-19 distressed properties will hit the market.
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