5 buyer mistakes in a short sale
Highlights
- Empty foreclosure properties may suffer from issues that arise from neglect.
- Some buyers in short sales are doing an inspection before making an offer.
- Short sale buyers need to be aware that the deal may not close quickly.
With hundreds of thousands of homes in foreclosure or on short sale lists, there's never been a better time to score a sweet deal. But discount-priced foreclosures and short sales can come with a raft of expensive problems.
Just ask Adam Melson of Philadelphia. Melson had looked at more than two dozen houses and he jumped at the chance to purchase a short sale home that seemed like a decent buy in a good neighborhood.
Read the entire article on BankRate.com 5 common buyer mistakes in a short sale
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