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Buying a Long Beach Foreclosure or Short Sale

Shannon Featured Articles , Foreclosures , Long Beach , Short Sales

If you’re looking for a distressed property in Long Beach, you have many to choose from. Of the 755 houses for sale in Long Beach right now, 319 of them are either short sales or foreclosures. Distressed properties are a part of the real estate landscape right now. Buyers may consider foreclosures — also known as bank-owned or REO homes — or short sales. So what’s the difference between buying a short sale or a foreclosure? Many buyers think the process is just the same. When you’re buying a short sale, the process can be longer and more involved because the seller …