Buying a Washtenaw County Short Sale?
By Kathy Toth, Ann Arbor Real Estate Experts - Kathy Toth Team
(Ann Arbor Market Center Keller Williams)
Buying a Short Sale in Ann Arbor? If you are looking to be rewarded with a deal trading off with patience, then you're a good candidate for an Ann Arbor short sale purchase - there are 152 short sales available today. Lst year 21 percent of our market was distressed homes. Consider: You're very patient. Even after you come to agreement with the seller to buy a Washtenaw County short sale property, the seller's lender (or lenders, if there is more than one mortgage) has to approve the sale before you can close. When there is only one mortgage, short-sale experts say lender approval typically takes about two months. If there is more than one mortgage with different lenders, it can take months for the lenders to approve the sale. Your financing is in order. Lenders like cash offers. But...
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