I want more information about how to find and buy a short sale home in Morristown, TN.
Answers (1)
FIRST ANSWER
From Realtor
http://www.realtor.org/rmosales_and_marketing/handoutsforcus…
To my understanting all short sale work the same. Seller is underwater, property is worth less than market value. Property does not need to be behin in some cases. Buyer write an offer, Seller accept the offer subject to a contingency of Servicer / Mortgage holder acceptance of short sale payment at closing.
Short sale is approved and buyer does inspections (recommended) and follow up with financing and close.
Look for a Local Realtor.
Didn’t find what you were looking for? Ask a question!
More Q&A about Home Buying in Morristown
View all »
Answered Sun Jun 14 2009, 05:15 by Tnownerfinance in Morristown
Answered Sat May 23 2009, 16:58 by Iwantinquick.com in Morristown
Answered Sat Apr 18 2009, 23:28 by Iwantinquick.com in Morristown
Answered Wed Jun 11 2008, 11:57 by Anthony Kimbrough in Morristown
Ask a question
Got a real estate question? Get answers from locals, experts and real estate pros.
Email me when…
View all »
1 - 2 of 2
|
|
|
|
|||||||||||
|
|
|
|
|
|
Copyright © 2009
Trulia, Inc. All rights reserved. |
Fair Housing and Equal Opportunity
Fair Housing and Equal Opportunity
Help us improve our service—send us feedback