Afraid of a short sale?

In this volatile market with many sellers trying to find a way out of their homes because they can't afford to pay the mortgage, many sellers are selling short? What does that mean? In a nutshell, when a seller sells short, their lender is allowing them to sell the home for less than what is owed primarily due to the fact that they can no longer afford to pay. For more information go to http://homebuying.about.com/od/4closureshortsales/a/shortsalebasics.htm

When I tell my buyers that a property is being sold as a short sale, they sometimes shy away and get nervous because it's a new phenomenom that's here to stay (at least for a while), but I'm here to tell you that it is to your advantage as a buyer if you are flexible in your time frame. You can get a killer deal and a great price! Even here in Silicon Valley!! Just expect to have some long waiting periods for bank responses as they are back, back, backed up right now! I imagine stacks of files up to the ceiling!!

Buyers, interests rates just improved today so if you're looking for a good buy and you have the time to deal with the banks call 408-396-0770 for short sale properties and bank owned properties.