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Licensed Real Estate Broker at CRUM
Simply seeking a foreclosed property can be comparatively hard in contrast to actually choosing an traditional market rate property. If you are in the market for short sale properties, you should be wary regarding the short sale process and its consequences. There are a number of reasons why people want to know more about buying foreclosures direct from the bank. A short sale real estate property can be purchased with CASH or a mortgage.
Most people are not sure about the process and what the bank is looking for in order to approve an short sale. Foreclosures are not the type of properties that the lenders like to have on their books. On the other hand, since the bank has already received some financial loss, they are not just giving properties away for nothing. Real estate is an unpredictable market and the banks don’t wish to flood the market with all of their bank owned properties.
CONTACT Ramón Crum