Definitions for Deal-Seeking Buyers: Short Sales, Foreclosures, and REO Homes
HomeLight
AUGUST 31, 2020
According to Troy Walseth , a Florida real estate agent with over 27 years experience, banks don’t typically allow a homeowner to go straight to a short sale unless the amount still owed is more than the current market value of the home. Here we cover what you need to know about buying distressed homes, from start to finish.
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