So-Cal Short Sale
Buying A Short Sale
There are several benefits to buying a Southern California Short Sale.
Buying a Short Sale is for those who want to save money and are patient.
The advantages of buying a Southern California Short Sale
over
a
Foreclosure are usually;
1. Short Sale houses are usually in better shape.
2. Seller discloses items about the Short Sale house.
3. The Short Sale selling price is usually lower than foreclosures.
4. When you buy a Short Sale you are saving a family from financial ruin.
5. Non-cash buyers are welcome to purchase a short sale.
6. You usually will get a Grant deed, on a Short Sale, instead of warranty deed.
7. Short Sale Real Estate agents, usually care and try much harder when they represent people as opposed to a bank.
Mortgage Calculator
The success rate of all Short Sales Listed for sale and being approved and
sold in California, are around 12 - 20 percent.
You should read Selling a Short Sale so you understand the other end of
the deal as well.
What is a Short Sale?
A Short Sale is when the lender accepts less than the loan is as a settlement
on the loan. FYI approximately 12 - 20% are successful of getting out from under their loans. Patience is the key here. Your Real Estate Agent will take
most of the frustration on this one. See more info on Short Sale Selling.
A Short Sale is a great way to SAVE YOUR CREDIT for the most part.
Damage is minimal considering your lender settled your loan.
Buying a Home
Free MLS Property Search
Raise Your Credit Score
Home Page
Site Wide Links on Home Page
CALIFORNIA DEPARTMENT OF REAL ESTATE LICENSE 01312992
|