A short sale is when the seller's lender has agreed to accept a reduced payoff to release a mortgage. If you have any questions about real estate in Colorado Springs, Colorado, contact me here or e-mail me.
Purchasing a short sale in Colorado Springs, Colorado on your own is risky. Contact The EPIC Real Estate Group for expert advice.
Sometimes. Often times people hear the phrase "short sale" and instinctively think of a seller that is in default and needs to sell their property quickly to avoid further financial problems. This is sometimes the case and can be an opportunity for a buyer to cash in on another's misfortune. In contrast, a lender may consider a short sale even if the seller isn't delinquent with their payments, but property values have depreciated. In these instances the "bargain" price may in fact be closer to true market values, not below.
When you are ready to buy, whether it is a short sale or a typical home sale, The EPIC Real Estate Group is available for you. Use our experience and knowledge of real estate to be certain that you're getting a fair deal and will be protected during the full matter.