Buying a short sell house can be a great way to get a good deal on a home. A short sale occurs when a homeowner owes more on their mortgage than their home is worth and the lender agrees to sell the home for less than what is owed.
There are many benefits to buying a short sell house. First, you can often get a home for much less than market value. Second, you may be able to avoid paying closing costs. Third, you may be able to get a better interest rate on your mortgage.