Though many people aren’t overly familiar with the term, “short selling” has been around for a long time. Basically, short selling one’s home means they’re willing to sell the home for less than what it’s worth.
There are two main reasons someone would want to do this. The first is to get away from the house for personal issues. This has been used over the years for divorced couples looking to get away from each other as quickly as possible. They might try to sell the home at a profit first, but they won’t wait long, and they’re willing to take a loss just to move on with their lives.
Has anyone had any luck purchasing a short sale in the san gabriel valley?
Has anyone had any luck purchasing a short sale in the San Gabriel Valley.
If so please share your experience..
How long did it take?
Whats steps did you take ?
Do you recommend an agent that specializes in short sales?
Thanks
First time buyer with time to make offers on Short Sales!
It takes an average of 2.5 months. You make a low offer and have that offer sent to the bank to be negotiated. With the right knowledge, you can pre-screen your agent. The link below shows how you can you buy short sales cheap.
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foreclosure property?
Hi, I am trying to buy a property that is going to a foreclosure auction. The thing is I want to buy the proprety before it even hits the court auction. Should I get a lawyer of my own or deal directly with the plantiff’s lawyer?
Are you aware that it is a bidding process? I would get someone who knows how to handle this type of transaction, whether it be a real estate attorney, or a Realtor knowledgable in auctions. You could deal direct, but it sounds like you need guidance and you won’t get it from the plantiffs lawyer.
In today’s world, where foreclosures are one of the most talked about subjects of the existing economic crisis, almost everyone has heard of the term “short sale”. Don’t feel bad if you don’t understand exactly what that is or how it is accomplished. Many professional Realtors don’t understand the complexities of a short sale. We buy houses that are prime candidates for short sales. If you owe more on your home to a lender, and perhaps secondary lien holders, than your house is worth, then you should seriously explore the possibility of a short sale. Here is the beginner’s guide to selling your home for less than you owe.