Yes, investing in pre-foreclosure properties for short sales can be a strategy to acquire distressed properties at a potentially lower price with the help of cash home buyers.
Category: Pre-foreclosure property
A short sale in pre-foreclosure is when the property is sold for less than the outstanding mortgage balance with the lender’s approval, allowing the homeowner to avoid foreclosure.
Selling a pre-foreclosure property involves finding a buyer who is willing to purchase the property before foreclosure and negotiating with the lender to satisfy the outstanding mortgage debt.
Yes, you can sell a house in pre-foreclosure, but it requires prompt action and cooperation with the lender to avoid foreclosure proceedings.