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Buying a property where short sale has closed?
I'm trying to comprehend short sales in real estate. If a short sale has already closed on a property, is there any risk (other than normal risks for buying any proprerty) in buying that property? This assumes the property appraises for at least the purchase price.
1 Answer
- SusieQLv 41 decade agoFavorite Answer
Assuming you are buying the house from the bank or mortgage company which has the house in a short sale, and you can get clear title, there is no more risk than in any other real estate transaction.
