a short sale when you’re searching for a new home can potentially be a long and difficult process. In a traditional sale, you negotiate with the seller. But in a short sale, you’re negotiating with the lender because the house is listed for less than the seller still owes on the mortgage. The means the lender is going to take a loss, which means the process involves a lot of paperwork and a lot of people’s input before a sale can be finalized.
And if you’re selling your home at the same time you’re trying to buy a short sale, your stress will be even higher! Check out these tips from The Adler Home Team that can help prepare you for the process of buying a short sale.