Lachase,
I am not sure where, or why, you are seeing listings for $100 but like anything else in this world; if it sounds too good to be true, it probably is. Like Craig posted below you are probably seeing a Quit Claim Deed recorded somewhere that does not reflect the actual sales price of a property.
A short sale is very simply a lender who is willing to accept a contract to purchase a property on which they hold the mortgage, and the sales price is for less than the mortgage amount. If you have a sincere interest in locating the perfect home in today's market, I would recommend that you interview at least 3 professional agents to find one who you know will be giving you 100% of their effort to help you meet your ultimate goal. I would certainly be honored to be included on your list and you will find me to be very easily reached at 561 308-0175 or via e-mail at tom@tompriester.com. After one call you will understand what "Results Driven Real Estate" is all about!
There has never been a better time to buy real estate with interest rates at the lowest levels we will probably ever see, home prices that have come back into realistic ranges, a wonderful tax credit from the Government for those who qualify and still a decent amount of inventory in many price ranges and neighborhoods. A short sale may, or may not, fit in well with your actual needs but they should certainly not be overlooked.
A professional Realtor will be of great importance in helping you identify the perfect home and will know how to ensure success. If I can provide anything additional, or answer any other questions, please feel free to contact me at your convenience.
Best,
Tom Priester e-PRO
"Results Driven Real Estate"
Keller Williams Realty
561 308-0175
tom@tompriester.com - Fri Nov 27 2009, 08:05