Short sales are very common in pre-foreclosure situations and this leaves the door open for opportunities for you as the lucky real estate investor. View on as well as property record details, price history, local schools and refinance offers. The lender knows it will probably be taking a loss because, if the property was worth the debt on it, the owner probably would have already sold it to avoid the foreclosure. Home value report for 5360 Edgeview Rd, Columbus, OH 43207. The property owner would like to avoid the foreclosure as it will have very negative consequences for his credit, and can severely limit his chances to obtain credit for a long time into the future. Property owners and lenders are both in awkward positions when a loan goes into default. If your offer is less than the amount of the debt on the property, ask the owner to present your offer to his lender.
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