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Updated almost 9 years ago,

User Stats

22
Posts
4
Votes
Steven Booty
  • Investor
  • Bradley Beach, NJ
4
Votes |
22
Posts

Just got my first offer accepted on a short sale! What now?

Steven Booty
  • Investor
  • Bradley Beach, NJ
Posted

I'm about to lawyer up through some suggestions from my realtor. The house seemed like a good deal at their asking price so I offered that. Only afterward did it come up that it was a short sale. So I have some questions:

- What should I be asking the lawyers when I interview them?

- How does the short sale nature of the deal affect my closing costs? (I'm expecting a long time until close)

- Any other suggestions?

Thanks BP!

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