VIRGINIA BEACH SHORT SALE PROPERTY LISTS
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Important Buyer Info
Find out why some short sale properties NEVER CLOSE, EVEN AFTER A CONTRACT IS ACCEPTED, and get your FREE HAMPTON ROADS SHORT SALE PROPERTY LIST!
By definition, a property is considered as being sold short when the amount the seller receives from the transaction is LESS than the amount they owe on their mortgage or mortgages.
Ideally, the seller has already started a conversation with the mortgage holder or holders (if there’s more than one mortgage) in order to get a preliminary approval to consider the sale of the property for less than what is owed. This is not always the case, though, and is one of the reasons that it’s CRITICAL to use an experienced Buyer Agent who will know what questions to ask and when, and who is familiar with the market in Virginia Beach and surrounding areas.
As every bank and transaction has it’s own process and challenges, there are always issues that we cannot predict. You can rest assured that we will work through each issue in the most efficient manner possible. There are many pitfalls to buying a distress property, but if you’re willing to learn the process, you do have the opportunity to acquire a home for less than it was once worth.
Fill out the form below for important, FREE, CRITICAL INFORMATION, along with our FREE VIRGINIA BEACH SHORT SALE LIST (INCLUDING OTHER AREAS OF HAMPTON ROADS TOO)!
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