Posts tagged as:

short sale

Short Sale at 3800 Hamlin Court in North Raleigh

August 2, 2009
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This is the deal of the century! The owners paid $305,000 about eighteen months ago and this lovely home is now listed for $240,000!
This home is a short sale so the bank will need to agree to take less that what is owed.  You could benefit from the bank’s need to get this [...]

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Why Buy A Short Sale

May 11, 2009

A short sale is where a home is sold for less that the loan amount and the bank takes the short amount as payment in full.  Short sales are a tactic that a seller can use to avoid foreclosure.  A short sale can also be a great deal for home buyers, as long as they [...]

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What Is A Short Sale

May 1, 2009

Simply put, a short sale is a real estate transaction where the loan balance is higher than the sell price and the bank agrees to take the “short” amount as payment in full.  The short sale can a be like a breath of fresh air for someone facing foreclosure.  A short sale can be an [...]

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