If you're shopping for a home, you may have noticed that a large number of the homes that are currently on the market are short sales. A short sale occurs when a homeowner owes a lender more than their home is worth, and the lender agrees to let the owner sell the home and accept less than what is owed. Lenders may agree to a short sale because they believe it will net them more money than going forward with a lengthy and costly foreclosure process.
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John Roberts Realty - Eustis, FL
Call the "CHAMPION" for all your real estate needs
There are some really great values in the market today with short sales; as long as the buyer is aware of the process and what it entails this could work for them.
Nov 08, 2011 05:00 AM
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I am focused on the Draper and Sandy areas of the Salt Lake Valley in Utah.
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