Short sales or potential short sales are those properties with market value lower than amount owned to lender. The owners of such homes are trying to avoid the foreclosure process. For some the foreclosure is eminent and the home goes on the auction the first Tuesday of the month (Denton County). If you are pre-approved and is willing to gamble (the lender must approve the sale's price even if you have a signed contract. In fact if you are willing to wait and be "cool" you can be the last one standing and win the deal. Others simply lose patience.
These are two homes in short sale situation right now in Denton TX. If you are ready to put an offer on one of those or want to see more please email or call me.
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