|
|
|
MLS Listings of
St. George/Washington County, UT
|
|
|
Click on tabs above to see
the lists
|
|
|
|
These
searches have been posted to aid you in your search for your new
home..
For more information or to see any of these homes, just fill in
the forms below or
give me a call (Cell) 435-632-6457 - (Email)
taylor.annette@gmail.com
Thank you for visiting this web site.....
Annette Taylor, Realtor.... |
|
|
|
|
|
|
|
Buying
Short-Sales & Foreclosures |
Buying a short-sale or a foreclosed home
has its drawbacks, but it can also
present a wonderful opportunity for a
buyer. One of the most frequent
questions
that I get from buyers is
"What is the difference between a
short-sale and a foreclosure?"
Here is an explanation:
Short Sales
A short-sale is when a lender agrees to
take less money than is owed on a
mortgage in order to facilitate e
purchase of the property, usually to
prevent the property from going into
foreclosure. Typically a seller has
incurred some type of financial hardship
and is unable to continue making
mortgage payments. The
home is listed on
the market to attract potential buyers
usually at an estimated
value. The listed price is usually
not approved by the lender and buyers
should
be aware the actual sales price
may be higher depending on what the bank
is willing to accept. Short-sales take
anywhere from 3-8 months from listing to
closing so if you are in a hurry to find
a home, don't bother.
Foreclosures
A foreclosure is a process in which the
lender (aka bank) takes back the home
from the borrower.
Once
a lender has foreclosed on a property it
is soon
put up for public auction. If bids fall
short of the asking price the bank will
buy back the home and attempt to sell it
on the open market. When you are just
dealing with the bank, the process
typically is much faster, but not
always.
Not every short-sale or foreclosure will
be a great deal. When you are dealing
with these types or properties you really
need to do your due diligence and have
them inspected by professionals prior to
closing. These homes are in distress and
may need some major improvements to make
them habitable.
CLICK HERE FOR
LIST OF UPCOMING AUCTIONS & TIMES
|
|
|
|
|
More information?
taylor.annette@gmail.com
|
|
|
