YOU'VE EVER HEARD OF A

Have you ever heard of a short sale? It just means that the house is listed at 400,000. They owe 475,000 and they're asking the bank, meaning that they're gonna sell it for less money than what they owe on the house. You're gonna see a lot more of these coming up in certain areas of the country. But one thing I want you to know, there's nothing short about a short sale. The process actually takes longer in my experience than foreclosures. You have to go through all these different parties to make sure that they're willing to accept the price that was offered by the buyers. Another thing you be aware of if you are a buyer buying a short sale is that the condition of when you put in the offer may not look like it does when you go ahead and close on this house. You gotta remember these people are in a situation where they don't have a lot of money. They were almost in foreclosure and they have to sell it for less money, so they don't have the money to repair anything. And sometimes I've seen it, the condition of the house looks pretty invisible by the time you close on it. So just be aware that the short sale process, there's nothing short about a short sale. And secondly of all, you can get a really good deal. Just know that it's not like traditional home buying. Takes time, but you can get a really