Home > Forclosure, Short-Sales > Buying Short Sales

Buying Short Sales

May 5, 2011 Leave a comment Go to comments

To being with, this post is meant to touch upon the news that an increasing number of lenders will not borrow money to purchase a house in the redemption period, not short sales specifically.  However it is more common for homes listed as a short sale or potential short sale to be up against the clock that is ticking towards the sheriffs’ sale.  Which at that point begins the redemption period.  To clarify, if you are buying a house, whether a short sale or not, and the sheriffs sale has happened, you may be out of luck. Check with your lenders on this.

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Categories: Forclosure, Short-Sales
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