Monday, June 18, 2012

Legal Tip: Buying Foreclosed or Short Sale Property

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)


Anonymous said...

I am agree on you that before buying any properties even if it foreclosed or short sale we need a legal action for that. Thanks for sharing you this wonderful information, it will be a big help for every buyer.

Brayan Adam said...

Wonderful facts shared about buying a property, great info.

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Preeti said...

Thank you for sharing.
In San diego you can find tons of foreclosed properties.
I deal in foreclosed properties and i have seen foreclosure properties diminishing from the listing day by day

atik khan said...

It’s really a cool and helpful piece of information. I am glad that you simply shared this useful info with us.
Please keep us informed like this. Thanks for sharing.

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