Looking to make a deal on a short sale?
A short sale is when the homeowner's lender consents to accept a reduced payment to release a mortgage.
If you have any questions about real estate in Brownwood, Texas, contact us here or e-mail us
Can I get a bargain on a short sale?
From time to time, yes. Often times people hear the phrase "short sale" and instinctively think of a seller that is in default and needing to sell their house fast to avoid further financial problems. This is occasionally the case and can be an opportunity for a buyer to do well from another's misfortune. On the other hand, a lender may consider a short sale even if the seller is current with their mortgage, but property values have fallen. In these instances the "bargain" price may in fact be consistent with actual market values instead of below.
How do I buy a short sale?
When it's time to buy, whether it be a short sale or a typical home sale, LONE STAR HOME & LOAN is available for you. Apply our experience and knowledge of real estate to feel confident that you are getting a fair deal and remain protected during the entire matter.