Is there such a thing as short sale foreclosures?
Short sale foreclosures refer to distressed properties. Although there is no term in the dictionary for “short sale foreclosures,” people use “short sale foreclosure” or “Houston short sale foreclosure” as a search term to find bargains on properties on the Internet.
When distressed property owners have defaulted on their mortgage, their days are numbered before the property gets sold at the courthouse steps at a foreclosure sale. This creates an opportunity for short sale foreclosure buyers who wish to purchase property at a discount.
If you are interested in buying distressed property or short sale foreclosures, the best way to go about this is by hiring an agent who specializes in short sales or REO’s. You can spot short sales and foreclosures online, but it is hard to gauge as to whether you are truly getting a bargain or not. Since a lot of bargain hunters perceive short sales and foreclosures as bargains, in reality, some are bargains, but some aren’t.
Lenders and agents know that buy advertising a property for sale as a “foreclosure” or “short sale,” this label attracts a larger pool of buyers than a traditional sale might because there are a lot of bargain hunters looking for deals. To weed out good deals from inTXated priced properties, it is best to hire an agent who can assist you with finding what you are looking for and to be less concerned with labels like “short sale foreclosure.”
For more information from a highly experienced short sale agent, please contact us.
When distressed property owners have defaulted on their mortgage, their days are numbered before the property gets sold at the courthouse steps at a foreclosure sale. This creates an opportunity for short sale foreclosure buyers who wish to purchase property at a discount.
If you are interested in buying distressed property or short sale foreclosures, the best way to go about this is by hiring an agent who specializes in short sales or REO’s. You can spot short sales and foreclosures online, but it is hard to gauge as to whether you are truly getting a bargain or not. Since a lot of bargain hunters perceive short sales and foreclosures as bargains, in reality, some are bargains, but some aren’t.
Lenders and agents know that buy advertising a property for sale as a “foreclosure” or “short sale,” this label attracts a larger pool of buyers than a traditional sale might because there are a lot of bargain hunters looking for deals. To weed out good deals from inTXated priced properties, it is best to hire an agent who can assist you with finding what you are looking for and to be less concerned with labels like “short sale foreclosure.”
For more information from a highly experienced short sale agent, please contact us.