Short Sale Property in Perfect Condition
A property that is in preforeclosure that I am working on is in perfect condition. Is this property a good candidate for a short sale? There is absolutely nothing wrong with this property except for the fact that the homeowner cannot make payments and is about 3 months behind. Thanks for your replies!
Much more needs to be known before anyone can speculate an answer. For example, how much is the property worth in it's as-is condition? How much is owed on the mortgage(s)? And, are the homeowners capable of curing the default and/or have they exhausted all nonforeclosure alternatives?