Sunday, September 27, 2009

Chino Hills Short Sale Properties

Find a Bargain Today

It is very well known that the foreclosure rate in the United States is at a record high, which is why now is a great time to buy Chino Hills CA Short Sale Realty and get an incredible residence at a price that is a real bargain. First and foremost, it is important to understand exactly what a short sale is. A short sale is when a bank is willing to sell a home in foreclosure directly to you, the buyer. The bank is willing to take a price that is usually a steal. The bank is willing to do this because they want to save on having to undertake a costly forclosure.

There are a few different ways to go about buying a short sale. The first way is to contact a bank directly and ask their financial officer for their recent list of properties that they are willing to sell. Some banks will give a potential buyer this information and others will not. A better option is to work with a real estate agent who is knowledgeable with working with short sales.There are many different paths to go about purchasing a short sale home, but it is worth the research to get a home at a great price.

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