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Search the Spartanburg MLS for all Spartanburg Short Sale Homes for Sale!
Purchasing a home being offered as a "short sale" is a long and often difficult process. A short sale is any property being marketed for sale at a price that is less than the amount the seller owes to a lender. This means that the lender, or bank, must approve of the price negotiated by the buyer and seller of the home before the purchase can be completed. In effect you have to negotiate with the seller, and then go through a second round of negotiation with the lender before you actually have an agreement for the sale of the house. This often involves many additional months of waiting and may result in the bank ultimately declining to approve your purchase offer. This leaves both the buyer and seller to start the process all over again with another party. It is not uncommon for the house to go through a complete foreclosure process during the period where your agent is working on getting the short sale approved. When this happens everyone loses. It is important for you to know the pitfalls and dangers of getting emotionally attached to a short sale offering because even with an accepted contract from the seller, the bank still stands in the way of either party reaching the closing table.
Click here to see a complete list of all Spartanburg Area Homes
For Sale offered as Short Sales
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2009-2010 Shane
Wolcansek - Licensed in South Carolina
Properties subject to prior sale or rental. All information provided is deemed reliable but is not guaranteed and should be independently verified.