All about real estate short sales

February 07, 2011  //  Posted by: qwcdirect  //  Category: Property Investments, Real Estate Auctions, Real Estate Rumblings

Real estate short sale is the process where the property owned by the owner is sold by them at a price less than what was purchased. For this the owner has to take permission from the mortgage company to sell property at discounted rate. There has been tremendous rise in the people getting defaulter and real estate short sale is a good process to help the homeowners to stop foreclosure. This helps the homeowners to save the credit in the market so that in future they can get loan if required.

Time taken by the short sales is less as compared to that of the foreclosure. Because of short sales the owner is relieved that he can sell and get rid of the property which is burdening his budget. It’s even a good deal for the investor because they can get the property at a price which is less as compared to the market price.

Comments are closed.