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How Can You Purchase a Short Sale?
Buying a Colorado short sale property can give you the opportunity to buy a home at a discounted price. Short sales differ from foreclosures in that the lender has not taken ownership of the property, so the original homeowner conducts the sale. More importantly, when buying a short sale property, you can finance the purchase with a mortgage loan. You generally cannot do this with a foreclosure where the purchase must be made with cash at the foreclosure auction. In a short sale, the homeowner’s lender does not set the price of the home, but it does need to approve of the terms of the sale. Short sale properties are sold free and clear of any liens, which means you will not have any problems with title companies or insurance. We have sellers and our inventory is ever changing. Thus, give us a call at 720-897-8690 today to see how we can help you purchase a Colorado short sale property.
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Looking For a Good Colorado Deal?
Sign up to be first in line to find the home you are looking for. Many people are aware that some of the best real estate deals in Colorado have been had by buying a short sale property. The challenge most buyers face is that the property they are looking at already has accepted an alternative offer. We blast out an email list of all up and coming properties. We can notify you of the home you are looking for before it hits the market!
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Can Anyone Buy a Short Sale Property?
Any qualified home purchaser can buy a short sale property, but there a few general rules, regulations and expectations you should know before exploring that option:
- You may not purchase the short sale of a relative
- Short sales are sold as-is, meaning you are normally not allowed to ask for repairs.
- Short sales are normally offered at a discount. Part of this reason is because it normally takes 3 to 6 months to fully complete, so patience is required.
- Some lenders require a home to be kept by the purchaser for a certain amount of time. This is used to prevent investors from buying a home and instantly putting it back on the market for more money.
Here at Colorado Short Sell, our inventory of available Colorado short sale properties is regularly changing. Thus, give us a call at 720-897-8690 today to see how we can help you purchase a Colorado short sale property.
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We Know how to Short Sell
Colorado Short Sell professionals are just a phone call away! We would love to speak with you about how we can help you avoid credit damaging and costly foreclosure proceedings. Nothing is more embarrassing than loosing a house to a foreclosure while you are still living in it. What’s worse is what happens after the foreclosure to your credit. Our mission is to use our existing banking relationships to negotiate and complete your short sale in an efficient and timely manner and bring this bad investment to a soft landing. We are committed to fulfilling our clients’ needs with the highest levels of professionalism, knowledge, communication, and service you can trust.
There is no cost to you for our services as the mortgage company pays our fees. There is nothing to loose but the headache! Call us today at 720-897-8690 to get your questions answered over a free consultation!