Tremonton Short Sales

Short Sales happen with properties where the owner owes more money than the property can sell for. These properties will often foreclose if the lender does not approve a “Short Sale”. Foreclosure is a very time consuming and expensive legal process that banks do not want to go through if they can avoid. It is often their best interest to take a loss on the total mortgage amount due, rather than allow a property to foreclose. The Tremonton properties listed below are trying to sell as “short sales.” In order for the sale to actually occur, banks must accept a price. Because we don’t know what the bank is thinking, and what they will accept, the listed price may not actually be an acceptable price. Purchasing short sale properties often takes a lot of patience, but it also provides opportunites to get below market value deals.