Finally! The most popular Atlanta listing service FMLS has added “Short Sale” as options for a Realtor to click off when inputting a home or condo for sale in the system.
That is great news….now they currently offer the following options “lender owned”, “estate owned”, “foreclosure”, “owner transferred” and “fixer upper”. I love the fact that Short sale was added. Now buyers have the opportunity to negotiate with banks pre foreclosure! Here is the Wikipidia definition of a Short Sale just incase you are not hip to this newer term.
short sale: In real estate, a short sale is a sale of real estate in which the proceeds from the sale fall short of the balance owed on a loan secured by the property sold. In a short sale, the bank or mortgage lender agrees to discount a loan balance due to an economic or financial hardship on the part of the mortgagor.
Atlanta Short Sales come in All shapes in sizes…Lofts, Highrises, Mansions…you name it…and we are well prepared to help you.
If you have any questions about Atlanta short sales for sale please feel free to contact us. We have seasoned agents that have dealt with many special situations like Short sales and Atlanta Foreclosures.
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