Why buy a short sale?
Buyers pursue short sales to get a good deal. A short sale means the seller's lender is accepting a discounted payoff to release an existing mortgage. Just because a property is listed with short sale terms does not mean the lender will accept your offer, even if the seller accepts it. That's where myshortsale.com comes in. We specialize in short sales and work with all parties to achieve a smooth transaction.
Short Sales are a good deal because in most instances the seller's lender will actually determine the final selling price and it's often 10 to 20 percent or more below market value. Lenders are under pressure to purge defaulted mortgage loans from their books and the foreclosure process is lengthy and expensive. Therefore a short sale is a better alternative for both the lender and the seller.
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