Buying a Home in a Short Sale

There are many short-sale homes available with a significantly reduced sale price. These are also called Pre-Foreclosure homes, because the homebuyer is getting the home prior to a foreclosure auction if the bank agrees to the proposed sales price. Working with experienced agents is critical. Without experience, your file can easily become one of hundreds going through your lender\'s system. And if not packaged correctly, stating information that the lender finds satisfactory, your deal can be declined. The American real estate market has never seen times like this, so if you have the ability and approved financing, then you should take advantage of the opportunity and sometime soon you might wake up with a lot of equity.

 

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