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Three Questions for Short Sale Buyers

Short sales are more common than ever these days, but the name is a bit of a misnomer — depending on the condition of the property and the bank you're dealing with, they can be the slowest of sales. On his blog, Eric Rojas presents three questions buyers should ask before attempting to buy a short sale to avoid red tape and long waits: "Is the short sale approved by the bank?", "How many liens or mortgages are on the property?" and "What is the condition of the condo association?" [Chicago Real Estate Local]