Wednesday, January 7, 2009

Buying A Short Sale

Short Sales can be good, but they also can be bad. First of all if you need a home in 30 days, I wouldn't recommend a short sale. Its like going to Vegas, roll the dice. For most Short Sales, it will take a minimum of 3 months to get an answer from the bank if they will accept, counter or deny your offer. If they accept your offer, sometimes they will ask the seller to sign a promissary note and most of the time they will not sign and just let the home foreclose and then you start the process all over again. Be cautious! Sometimes a deal will cost ya! Email me if you have questions

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