Ever heard of a Short Sale? In Indiana Short Sale are becoming more common. Although this is a relatively new term to the Indianapolis Indiana Home market, it's 
been around for quite a while, quietly working behind the scenes.
After a homeowner defaults on their mortgage, they automatically go into forclosure and lose their home to the bank, right? Look at all those Bank Owned Homes Indianapolis has in the Indianapolis MLS! This is not always the case!
A short sale is the step in between, where you communicate with the bank and they take a loss on your unpaid mortgage. Your home goes up for sale, listed as a short sale, and you soften that nasty bruise on your credit. On the
buyers' end, they have the potential to get a well-cared-for home for essentially whatever that person owes left on the mortgage. Sounds simple, but you'll need an Indianapolis Realtor to get you there.
Check out this home: 9119 Doubloon Road. It's one of the Indianapolis Condos that is listed as a short sale. Others in the neighborhood are going for $20k+ more, while this one continues to drop it's Already-Low price on a regular basis. Nice home, GREAT piece of Marion County real estate, in a spectacular wooded neighborhood .
Contact Katie Bogan if you'd like more information on short sales.
been around for quite a while, quietly working behind the scenes. After a homeowner defaults on their mortgage, they automatically go into forclosure and lose their home to the bank, right? Look at all those Bank Owned Homes Indianapolis has in the Indianapolis MLS! This is not always the case!
A short sale is the step in between, where you communicate with the bank and they take a loss on your unpaid mortgage. Your home goes up for sale, listed as a short sale, and you soften that nasty bruise on your credit. On the
buyers' end, they have the potential to get a well-cared-for home for essentially whatever that person owes left on the mortgage. Sounds simple, but you'll need an Indianapolis Realtor to get you there.Check out this home: 9119 Doubloon Road. It's one of the Indianapolis Condos that is listed as a short sale. Others in the neighborhood are going for $20k+ more, while this one continues to drop it's Already-Low price on a regular basis. Nice home, GREAT piece of Marion County real estate, in a spectacular wooded neighborhood .
Contact Katie Bogan if you'd like more information on short sales.
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