Short Sale Pitfalls
by Robert Forster ~ April 15th, 2009. Filed under: Philadelphia Real Estate News, Uncategorized.Many if not all of the buyers we are currently working with have all asked about bank owned properties and short sales in this distressed market. This article from the Philadelphia Inquire offers a great first hand account of the climate of these much talked about short sales. Yes you can get a good deal, but be ready for a very long process, your patience and sanity will be tested!
Shane Fisher thought he got a real bargain: a $202,000 three-story house in Lansdowne – $29,000 less than list price – that he could live in and that had two upper floors he could rent.
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