Purchasing a Denver Short Sale Property
Purchasing a short sale home is one way you can get a good deal on Denver-area real estate, but it’s not always so cut and dry. Finding a great home on short sale and placing a bid that will be acceptable to the seller and the lender can be a complicated and drawn-out process. If you decide to bid on a Denver short sale home, here are some things to keep in mind:
Is It Worth It? Short sale transactions can be complicated and generally take much longer than standard purchases. Make sure you’re getting a good enough deal to justify the extra time and energy.
Make sure the bank has already approved the short sale. The seller usually has to be in default, owe more than the home is worth, and be