Buying a Short sale property in Westchester, NY allows a buyer or investor to buy a home at a great price. There are many variables and reasons why one is selling in a short sale. A short sale is when a home owner sells a home for less than what is owed on the mortgage.
Someone who got in over their head, is facing financial trouble or possible foreclosure may opt to sell as a short sale. This is a deal in which the lender who is holding the mortgage forgives the remainder of the debt. When one is negotiating on a short sale, you should deal with an agent who has short sale experience. It is quite different than negotiating on a traditional home. There are banks to deal with as well as home owners and agents. It can often be more time consuming, however, if a buyer has both time and patience, it is a amazing opportunity to buy a home in Westchester in this market.
If you are looking to buy or sell a home in any state or market, please contact us and we can let you know how we can help or refer you to a qualified short sale specialist in your area.
If you would like to have a custom report of available Westchester and Fairfield, CT short sales emailed to you, please click here and we will email you the report promptly.
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August 28, 2008 at 3:26 pm
Avoid Foreclosure! Sell your Westchester home short sale & pay no fees! « Helping Westchester Homeowners and investors dealing with short sales
[…] you list your home for sale as a short sale, the bank will negotiate on the offers and most times will forgive the remainder that the owner […]
August 28, 2008 at 3:28 pm
Why are Short Sales so popular in Westchester? « Helping Westchester Homeowners and investors dealing with short sales
[…] westchester, westchester handyman house, westchester ny real estate, westchester ny short sale | Short sales enable many buyers and investors to pick up properties at great prices. As mentioned in our prior […]
September 6, 2008 at 9:27 pm
Avoid Foreclosure and sell your home as a short sale, no excessive fees! « Westchester NY Real Estate Listings and Seller Tips
[…] you list your home for sale as a short sale, the bank will negotiate on the offers and most times will forgive the remainder that the owner […]