Are you looking to buy a new home? Are you thinking that now’s a great time to find bargains? Have you decided to tour Glen Creek community yet in search of the perfect place? Before you make an offer, it pays to know a little about the seller’s situation.
If a home is being sold for below what the current seller owes on the property-and the seller does not have other funds to make up the difference at closing-the sale is considered a short sale. Many more homeowners are finding themselves in this situation due to a number of factors, including job losses, aggressive borrowing against their home in the days of easy credit, and declining home values in a slower real estate market.