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SHORT SALEHomeowner owns the propertyBuyer enters into the executed contract with the homeowner, subject to lender approvalProperty is generally occupied by the owner or tenantsSold As IsTimeframe from execution of contract: Can be anywhere from 2 to 6 month or more depending on the lender.REO/FORECLOSURELender owns the propertyLender enters into ...
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Are you thinking of writing a low offer on a Foreclosure? You may want to think about it before you do.
There are many Foreclosures on the market right now. Banks are competing against each other! This means that the list price may be low already. The banks don't want their inventory just sitting on the ...
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