Short sale is a great option for investors who want to make some money. If they make a smart purchase of a short sale home they can earn a huge profit. But, they need to be very careful when buying a short sale.
House Hunters - 1999 First Time Buyers Seek Short Sale in Sacramento was released on: USA: 4 April 2010
Potential short sale pitfalls that buyers should be aware of include lengthy approval processes, the possibility of the sale falling through due to lender decisions, the property being sold "as-is" with potential hidden issues, and the need for patience and flexibility throughout the transaction.
Bankruptcy is simply having debt beyond what you can pay. A short sale would have nothing to do with it. When you sell short, you leave the deal with nothing. No profit, no cash from the sale. Also, a lender would not even approve the short sale unless they are satisfied that you are 'upside down' each month and have no savings or other assets with which to pay the mortgage.
offering a sale, they seek buyers
Short sales offer a number of benefits to buyers. Because, during a short sale, homeowners agree to sell a house for less than the amount owed on the mortgage loan. This type of sale requires the lender to approve of the deal, while short sales sometimes leave sellers owing money to the lender, they also provide an alternative to foreclosure. In addition to helping the seller protect their credit.
Many buyers plus few houses available for sale means higher house prices - (a sellers market). Few buyers plus a surplus of houses for sale means lower house prices - (a buyers market).
not for buyers, sellers pay a percentage on a sale
is a short sale on public records
Many realtors will sell a house as a short sale. However a short sale has to be approved by the bank first.
The Department of the Treasury, specifically the Bureau of the Fiscal Service, is responsible for authorizing the sale of US savings bonds.
A short sale must be approved by the lender. It will not approve your proposal.A short sale must be approved by the lender. It will not approve your proposal.A short sale must be approved by the lender. It will not approve your proposal.A short sale must be approved by the lender. It will not approve your proposal.
Buyers can find a Sterling BMW for sale from a number of auto retailers. This vehicle can be purchased from Auto Trader, eBay Motors, AOL Autos and from BMW Buyer.