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Short Sale Pros & Cons The short sale option can help a troubled homeowner but does carry some risks. A short sale is when a troubled borrower is able to sell his home for more than the money owed.
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There is a lot of debate among the experts on the pros and cons of a short sale property. On the one hand some will argue that finding a property that is below the current market value creates rare opportunities for first time homebuyers to find a home that they can afford.
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The Pros and Cons of Short Sales. January 3, 2012 February 23, 2011 Scott Hyder. What is a Short Sale? Before you decide to do a short sale, make sure to consult with an Arizona real estate lawyer, an Arizona foreclosure lawyer or an Arizona bankruptcy lawyer to determine what liability you may.
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Cons of a Short Sale. If you are not flexible with the time frame, then a short sale might not be the right choice for you. The settlement date cannot be set in stone, so you need to have a 6 to 8 week window. When a seller is in a short sale situation, they must have experienced a hardship.
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Short Sales and Deeds in Lieu of Foreclosure . An Overview Short Sales and Deeds in Lieu of Foreclosure. If you can’t afford to keep your house, a short sale or deed in lieu might be a good option. Short Sales vs. Deeds in Lieu of Foreclosure. Sell Your House in a Short Sale. The pros and cons of short sales, and how to do it.
In a post on Forbes, Chris McAllister, Founder of real estate brands Ltd., discussed the different methods by which investors can secure foreclosure properties, noting what to look for and the pros.
Pros and Cons of a Short Sale. There are many pros and cons to a short sale for your home. As your Lansing real estate lawyers, we can help you determine the best option for you and your family. First, we will review the pros to having a short sale with you.