The pros of buying a short sale You could get a good deal. Banks (and homeowners) are motivated to find a buyer for a short sale as soon as possible, so sometimes they’ll list the home at a low price to keep it from languishing on the market.
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Pros and Cons of Buying a House in a Short Sale.. Is a Short Sale a Good Idea? A house offered in a short sale for a price significantly below market rate can be a steal, provided it’s in.
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List of Pros of short sale 1. price advantage for buyers. 2. There isn’t as much competition. 3. Disclosure protection for buyers. 4. The seller controls when he leaves his home. 5. The seller preserves his credit.
Whether you should do a short sale or let the home go to foreclosure depends on several factors. While for some homeowners, it is easier to throw up their hands and let the bank take the home, that might not be the wisest thing to do.
Learn about the pros and cons of short sales. By Stephen Elias, Attorney. In a short sale, you sell your house for an amount that falls short of what you owe your mortgage lender before the property is auctioned off at a foreclosure sale. For a short sale to work, your lender-or lenders if you.
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NJ Short Sale as an Option to Avoid Foreclosure. This is Veer Patel from the Law Offices of Patel Soltis & Cardenas. I want to talk to you a little bit more about loss mitigation and some other options you may have speciffically the Pros and Cons of a NJ Short Sale.
Like any potential investment, buying a short sale home has its upsides and its downsides. We take a look at the pros and cons of buying a short sale home so you can decide whether it’s right for you.