What is a short sale?
Short sale is a term heard more frequently than in the past and it refers to a form of pre-foreclosure sale. It typically occurs when the mortgagee agrees to accept less than the loan amount to avoid a foreclosure. A negotiated short sale results in a discounted purchase price for the buyer. The buyer would finance the acquisition much like a conventional real estate acquisition but must be prepared to move quickly, hence the term “short sale.”
FEATURED SHORT SALE PROPERTY
Address 6906 Shangrila Way, Riverdale, GA 30296 Price $137,900 Bedrooms/Baths 4 BR / 3 BA Special Features Large front and back yard with brand new rear deck, lower level features large stone fireplace and full bath addition Additional Comments Seller motivated and needs to sell right away
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