Bargains For South Bay Short Sales?
South Bay Short sales can hold the key to more than one real estate-related issue. For cash-strapped borrowers, short sale success means relieving an unsustainable obligation without having to go through foreclosure. For sharp-eyed buyers, South Bay short sales can present outstanding opportunities to purchase properties otherwise beyond their affordability range.
Both are reasons to applaud the rising number of South Bay short sales. Nationally, the latest projections foresee a continuation of their rising trajectory. The OCC’s most recent report on mortgage performance credits short sales for the decline in both serious mortgage delinquencies and completed foreclosures.
For potential South Bay short sales buyers, several questions are good to keep in mind as you weigh the bottom line value represented by South Bay short sales currently being offered.
South Bay Short Sales and Taxes
The majority of sellers who opt for South Bay short sales do so because they simply can’t keep up with the mortgage payments. No surprise that this sometimes means that outstanding taxes or liens are also lurking somewhere. A simple title search you or your agent order can determine whether this the case and if so, how significant a problem it presents.
South Bay Short sales and Property Damage
Sellers who opt for South Bay short sales may not take as much care of the premises as those seeking full price. Whether caused through neglect or because of frustration, the possibility of damage is important to recognize. Before proceeding, do a cautious job of determining the true condition of the property.
South Bay Short sales and a Good Deal
Like the merchandise you find beneath a department store ‘SALE!’ banner, South Bay short sales don’t automatically mean great value for you and your family. If the price is close to the asking prices of other South Bay properties, you may not be getting as much for your money as you could. Be open to making a lower offer — or to looking elsewhere!
After you have asked and answered all the important questions, today’s South Bay short sales can offer fantastic opportunities. In any case, if you are ready to find a standout value in South Bay contact me today to start the process!
Charles Fitzgerald Butler is a Real Estate Professional in Carson, Ca, specializing in First Time Home Buyer Programs, Distressed Sales, REO Residential and Commercial properties. Charles helps homeowners develop a second income stream so they can save their homes from foreclosure.
Charles Fitzgerald Butler can be reached at 310-684-2505 or www.CFButler.com. Prudential California Realty – The Mulhearn Group is an independently owned and operated broker member of BRER Affiliates Inc. Prudential, the Prudential logo and the Rock symbol are registered service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide. Used under license with no other affiliation with Prudential. Equal Housing Opportunity.
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