Take advantage of the great short sale listings in our local market. Read below about Short Sales and how they work, then browse your local MLS listings below!
Short sales are anything, but what they are called. The term “short sale” does not mean that the particular homes for sale will be a fast closing. It means that the home is almost in a foreclosure status, and the sellers have made an arrangement with the bank that holds their mortgage, to accept less on the home than the sellers owe. By the sellers being able to sell their home for under what they still owe, this can be a win-win for the bank and the seller. The bank won’t loose out entirely and have to make the home a foreclosure, while the seller can get out of a bad situation without allowing the home to go into foreclosure. The banks will still evaluate the appraisals once they come in and debate whether they will accept the offer with the lower price, considering the market value of the home and review other aspects as well. Short sales can take as little as 3 months, however, they have been known to take 6 month, or 1 year. The speed of the processing comes from the lender and how soon they can locate their overseas owners of the note and get negotiations accomplished. Short sales can be a great option to get a good deal on a home, IF you have time to wait on the closing date.
I am here to help you in anyway I can and I can show you any home! Don’t stress out over finding one agent for each home, call or text Crystal today at 910-545-2689 or email to CampLejeuneRealtor@gmail.com to get all of your questioned answered and homes seen when it fits YOUR schedule!