First time home buyer tips come in all shapes, sizes, and sources!. From little tricks of the trade related to the mortgage process to insider information on selecting a real estate agent, there surely is no shortage of guidance available to a first time home buyer.
If a home is being sold for less than what the current owner owes on the property—and the seller does not have other funds to make up the difference at closing—the sale is considered a short sale.
A short sale is different from a foreclosure, which is when the seller's lender has taken title of the home and is selling it directly. Homeowners often try to accomplish a short sale in order to avoid foreclosure.
This can be GREAT news for you, the buyer. A short sale can be quite the bargain!
Are you looking for a bargain? Check out this gorgeous home just approved for short sale.
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