Short Sales – Advantages and Pitfalls
Looking back a few years, when the over-exuberance of the housing boom was being partially fed by the first ingredients of the sub-prime debacle, it was difficult to foresee in this present day, we would be ramping ourselves up to speed on “short-sales.”
As many GreatWest GMAC Real Estate Professionals understand, “short-sales” can be anything but short in the process of negotiation with Banks, Mortgage Insurers, Sellers, Buyers, and ALL entities prevalent and present in a hoped for sale.
“If” a mortgage lender has agreed to allow “short-sale” on a property, and the home does...
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