What are the dangers of buying a short sale home?

Posted on April 25, 2009 by admin| 2 Comments

I am trying to buy a home, but I am a little worried about the different sale options.

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godged | April 25, 2009 at 1:12 am |

None. The only thing that is different than buying any other house is that the lender will have to approve all offers. You will need to have patience, loss mitigation departments are overrun with these properties, and some have a ton of houses to deal with. It can take awhile for them to return calls and such.
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aydenmedia | April 25, 2009 at 1:12 am |

well… the owners may be desperate to sell..so your taking it as is…. im not talking about money owed or loan balance… but as far as condition of the house… any permits pending…. just check the house out..inspect it… make sure its ok.. its usually a good deal…. i bought one for 300k…in South, CA…. it was valued @ 600k…. i did minor fixer uppers..and sold the fucker for a good profit…..!!
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