NMLS # 6395
Financing Kentucky One Home at a Time
I answer questions about financing real estate based on my decades of experience dealing with mortgage underwriters. This answer is my personal opinion, has not been reviewed or approved by the company I work for. I do not offer legal or tax advice, if you need answers from an attorney or CPA find one knowledgeable in your local market.
the issues to worry about may not be over yet. You may find additional costs and surprises will greet you as you move closer to settlement. When you are dealing with short sales you really need a lawyer and a good agent to make the other side play fair. Things to watch out for are back condo fees, water bills, mold accumulating in vacant properties, owners who choose to not move out of the house, break-ins, copper pipe thefts, last minute change of terms at settlement by lender or third party short sale negotiation companies.
Short sales are not for the timid and when you compare buying a short sale to buying a Bank Owned Property I think the Bank owned Property is a better option.
Need more advice contact US as we have closed more than our share of short sales.
Rob Hughes- Long and Foster Realtors
Jeff Huss, REALTORÂ®, CNAS, CNARS, CNRS, CNIS
REO/Foreclosure and Short Sale Specialist
CENTURY 21 Alliance â€“ West Chester
709 E Gay Street
West Chester, PA 19382
Licensed in Pennsylvania License # RS279651
Formerly Licensed in Arizona License # SA517791000
Licensed since 1999
"Building Relationships One Home At A Time"TM