In today's real estate market, you don't have to look very far to find a short sale. In my area of Palm Beach County, Florida it is not uncommon for one to find a development with 50% to 70% of the homes on the market listed as a short sale. The good news is that banks are getting better at handling the large volume of distressed property sales. However, the bad news is that these transactions have many more pitfalls then a traditional home sale. In this article I will address the five things you need to know when buying a short sale that will help you throughout the buying process.
