Indianapolis Short Sales / Pre-Foreclosures
Short sales are a very different animal that foreclosures. What is a short sale? A short sale is simply when a home owner has fallen behind on their mortgage and they are heading towards the foreclosure process and the sale of their home will not yield enough money to pay off the mortgage. When the home owner receives an offer on their house, they then ask the bank to take less than the full amount of the mortgage as a final payoff in lieu of going to foreclosure.
Indianapolis Foreclosures & Short Sales
Dealing with short sales can provide a good opportunity for buyers to scoop up a great deal on a home. However, they can also be very difficult and time consuming to navigate the process. Anyone pursuing a short sale to purchase a home should have proper representation from an experienced real estate agent and also be prepared to be patient.
Contact us for more information about working with short sales and bank owned homes in Indianapolis.
More Information About Short Sales In Indianapolis
If you would like more information about short sale homes in the Indianapolis area, please fill out the form below and someone will contact you as soon as possible to discuss short sale homes in Indianapolis.
All information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties that a consumer may be interested in purchasing. All Information believed to be reliable but not guaranteed and should be independently verified. © 2014 Metropolitan Indianapolis Board of REALTORS®. All rights reserved.
Listing information last updated on October 21st, 2014 at 10:00am EDT.