Short-Sales

I recently stated that the house we are currently interested in is a short-sale. Because we don't make a lot of money most of the houses we look at have been ether short-sales and foreclosures.

Foreclosures are usually, for lack of a better word, interesting. Most of the Foreclosures we have seen are trashed on the inside and need much more than just cosmetic work. Ashley and I can usually see past the small details, we just not sure the inspectors can in order to get a low interest rate loan.

Recently we quit looking at a lot of short-sales because of the time line involved with negotiating with the bank. "But Kyle, I thought that the house you are looking to offer on is a short-sale?" you may ask. Yes you are correct it is, but the bank is small and seems to be very motivated to sell, good news for us.

more info on short-sales here