short sale: A NEW HOME BELOW MARKET VALUE: Purchasing a Short Sale Property
- 12/15/08 09:22 AM
Short Sale Tips for Buyers Please keep in mind that situations with Short-Sales differ based on the bank and the Seller's situation. So there is no real formula to buying a Short-Sale home. The best thing is to contact an experienced Realtor. When searching for a Realtor, ask them the number of Short-Sales over there past year where they represented the Buyer. First...What is a Short Sale? A short sale is the sale of property below fair market value. For the Seller this is where the bank is willing to take less than the loan balance in order to keep from (3 comments)