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How to Buy a Short Sale

Investors interested in buying a short-sale property should make sure to read these tips before committing.

[Updated: Jun 11, 2021 ] Feb 11, 2020 by Sebastian Obando

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Short Sale Foreclosure Auction
The home is put up for sale by the homeowners. The bank takes ownership of the property and puts it up for sale after the homeowner fails to make their mortgage payments on time for a lengthy period.
The homeowner still lives in the home. The home is usually already abandoned.
You can (and should) request a disclosure statement. Does not come with a disclosure statement.

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