Don’t Short Sales always look good? Don’t they look so wonderful, the best deal in town? Here is an article, directed to agents but good for everyone, on the potential hazards and heart breaks in dealing with short sales.
Are You Picking the Right Horse?. Click here to find out the scope on buying a short sale.
Remember-if you are a buyer who wants to buy a short sale, you must be willing to wait at least 6 months to get an answer from the seller’s lender. If you want or need to settle in the next 60-90 days, or can not wait 6 months for an answer (when the probability is that the answer will be no, and you have to start your search all over again), then SKIP SHORT SALES.