Foreclosures and Short Sales
Foreclosed homes are properties that have been seized by the lender due to the borrower's inability to repay his or her mortgage, while short sale homes are those in which the owner is selling the property for less than the amount owed on the mortgage.
Many buyers think that buying a foreclosed or short sale home is a confusing and complex process. However, the reality is that while specific details of the foreclosed and short sale properties may be slightly different than purchasing a regular home, overall, the process is really unchanged.
Both foreclosures and short sales can represent significant savings for buyers who are prepared to navigate the unique challenges and requirements involved. In this blog category, our intent is to provide you with the information and resources you need to make an informed decision about purchasing a foreclosed or short sale property.