If you're in the market for a new home, you may have come across the term "short sale." So, what exactly is a short sale? A short sale is when a homeowner sells their home for less than the amount they owe on their mortgage. The sale is "short" because the proceeds from the sale won't cover the full amount of the outstanding mortgage.
Now, let's talk about the pros and cons of buying a short sale:
Pros:
Cons:
In conclusion, buying a short sale can be a great way to snag a deal on a property, but it's important to do your due diligence and understand the potential risks involved.
Interested in pursuing a short sale? Contact us and we can guide you through the process!
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