Some sellers find out that they need to sell quickly and sell their home through short-sales, auction or foreclosure. Finding the right home in thie process can be hard. There are several issues that you need to be aware of; finding a home that the mortgage company will finance, one you like, plus having the home inspection can be a harder process than purchasing a home on the market. Some sellers remove light fixtures, applianced, and the home is not in the best condition. Short sales are pre-foreclosure home sales. Sometimes a mortgage company will accept a short sale vs going through foreclosure.
Short sales are when the mortgage company agress to accept less than the outstanding mortgage balance. Sometimes short sale properties are in better condition than foreclosures. It is always best to have a home inspection on any type of property. The homes under foreclosure or short sales are usually being sold 'as is'. If you have any questions, please call The Peggy Graves Team and talk to one of the agents. 731-664-2342.