Looking to strike a deal on a short sale home.
Patience is the key.
The advantage is possibly getting a home at 88% of market value. It may take from a month to several months to purchase such a home.
A short sales is getting the bank to accept a deal that is less than the seller owes on a home.
The seller needs a hard ship and to be able to explain to the bank that they can not come up with the difference needed to clear the mortgage. (This is where most of the time is spent to make the deal go through.)
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