Buying Foreclosed or Short Sale Property:
Generally speaking, in Virginia, buying property at a foreclosure sale or through a short sale is often subjected to many variables. For example - How long will the short sale process take? does the property have title defects that will cost you money in the future? A real estate lawyer can help you to find answers to these questions and may also be able to protect you from some of the variables. The key is to consult a lawyer before signing any contracts or making any bids.
As usual, every situation has exceptions. Consult with a Charlottesville attorney to get the full details.
Tucker Griffin Barnes P.C.