Buying a short sale can be a great opportunity whether you are an investor, first time home buyer or just looking to move up to a bigger home. Knowing something about the Short Sale process may help you take advantage of that opportunity and help to relief some of the potential stress. The key difference in a short sale vs a traditional transaction is:
Short Sales traditional have a lower sales price
Short Sale transactions traditional take longer to close
Short Sales have Multiple parties involved in the contract approval