Bank owned properties, short sales and foreclosures were common in the Coeur d'Alene real estate market just a few short years ago. Our property values have recovered and soared in recent years but we still see some of these distressed properties pop onto the market from time to time.
SHORT SALES The term short sale comes from the fact that the mortgage company will be shorted on the amount they are owed. They will agree to settle for less when the true market value of the property is less … (1 comments)
short sales in coeur dalene: Looking for short sales for sale in Coeur d'Alene, Idaho? Look here!
- 11/17/12 08:44 AM
Right now, home buyers are looking for a super deal. One of the best ways to get top value for your dollar in Coeur d'Alene, Idaho is to purchase a short sale. These homes, selling for less than the homeowner owes on them with their lender's approval, offer some of the best bang for your buck. You will need a bit of patience because the process can be complex and lengthy. However, some short sales are already price approved by the lender and can close relatively quickly. Be sure you are working with an agent that understands the ins and outs of the short … (3 comments)
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