What You Need to Know...
Are you looking to buy a new home? Are you thinking that now's a
great time to find bargains? That's true, but it pays to know a
little about the seller's situation before you make an offer.
If a home is being sold for below what the current seller owes on
the property—and the seller does not have other funds to make up the
difference at closing—the sale is considered a short sale. Many more
home owners are finding themselves in this situation due to a number
of factors, including job losses, aggressive borrowing against their
home in the days of easy credit, and declining home values in a
slower real estate market.
A short sale is different from a foreclosure, which is when the
seller's lender has taken title of the home and is selling it
directly. Homeowners often try to accomplish a short sale in order
to avoid foreclosure. But a short sale holds many potential pitfalls
for buyers. Know the risks before you pursue a short-sale purchase.
You're a good candidate for a short-sale purchase if....you're
very patient, your financing is in order and you don’t have any
contingencies. Read all about this and more on this FREE download.

Call Sue Meservier at The Maine Real Estate Network for a free and
private consultation. Count on Sue and the real estate professionals
of
Meservier & Associates
to take your home to heart and focus on what matters most to you.
Call Sue Today!
office: 207-784-2525
cell: 207-576-5488
