Did you know that Raleigh foreclosures and Raleigh short sales actually go hand in hand, tied at the hip so to speak. This is because amid the current crisis of the Raleigh Real Estate market and the home loans crisis—which is putting many lenders out of business all together—foreclosures and short sales are actually a marriage of sorts. One that offers struggling home owners with a second chance at clearing their loans to the bank and starting over once again on the long pathways to financial freedom.
Foreclosures in Raleigh and Raleigh short sales are seemingly one and the same theses days as many homeowners about to lose their homes make a last minute deal with the banks that in turn allow them to sell their homes for less than they currently owe. This makes the home a lucrative investment for investors and new home seekers, who will hop on the deal in a heartbeat and save the homeowner from a foreclosure. So to say that foreclosures and short sales are not a dynamic lending duo of the modern day mortgage crisis would be a vast understatement.