234 Vanilla Street, Alamo
Rio Grande Valley Short Sale Homes
Short sale homes are properties where the homeowner is selling the home for less than the amount owed on the mortgage, with the lender's approval. Unlike foreclosure homes, which are typically owned by a bank or lender after the owner has defaulted on the loan, short sale properties are still owned by the homeowner during the sale process. Buyers are often attracted to short sales because they can sometimes purchase a home below market value, although lender approval can make the transaction take longer than a traditional sale. Short sales can offer opportunities for buyers seeking value while allowing sellers to avoid the full financial and credit impact of a foreclosure.