What is a Short Sale? A short sale means the seller's lender is accepting a discounted payoff to release an existing mortgage. It often occurs when a borrower cannot pay the mortgage loan on their property, but the lender decides that selling the property at a moderate loss is better than foreclosing the property. Foreclosure is bad for both; it involves hefty fees for the bank and poorer credit report outcomes for the borrowers. A buyer can benefit of buying a short sale below market value which lowers the buyer's basis in the property and lowers its future taxation by the tax assessor. As a result, the buyer's mortgage payment is reduced because the loan is less.

How can I buy a Short Sale? Our firm deals with a lot of sellers currently having a financial hardship therefore this seller are looking for options to get rid of their houses; as a result our firm gets more and more short sale inventory. Feel Free to contact me to buy a short sale or to learn more about short sales and to request a list of our short sale properties. Be advised that we only provided a list to our VIP qualified buyers.

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