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
Charlottesville, VA (434-973-7474)