Save money on a home purchase by finding a pre-foreclosure home to - TopicsExpress

Save money on a home purchase by finding a pre-foreclosure home to buy. Pre-foreclosure homes are also known as a short sale. The owners of pre-foreclosure homes are in default on their current mortgages. The current owner and the mortgage holder are trying to avoid foreclosure by selling the home for less than the current mortgage balance owed. A short sale is quicker for the mortgage holder by avoiding months of legal proceedings involved in foreclosure, allowing you to purchase your dream home at a discount. Read more: ehow/how_5206443_buy-preforeclosure.html#ixzz2clBUBNFG

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