Last updated on June 4, 2014
Smith Lake is a beautiful lake in Winston County, Alabama. Obviously many people would want to own property here, especially on the lake front. There are stunning views of the lake’s rocky shoreline with beautiful hardwood trees surrounding it. People come here to enjoy the quiet and the beauty as well as being able to swim and boat on the lake and watch the wildlife. Luckily there are some Smith Lake front short sale properties available.
A short sale is usually when the funds from the sale of the property do not cover the debt on the property and the owner cannot afford to pay off the remaining debts. This is often a better alternative to foreclosure. With a short sale the bank doesn’t own the property but the bank must approve the sale nevertheless simply because the lender, not the seller/owner will take the loss on the property. Also, short sales take time and patience. The Smith Lake front short sale properties purchase agreement will be different to a normal sale and the mortgage lender will have to approve the sale and not the seller.
If you are interested in the Smith Lake area, there are short sales available. You can check on the internet to find some but better still would be to get in touch with a local real estate agent. These people are experts in the area and probably know all the sellers of short sales anyway. They will be able to help you find the best property on the lake front for your needs. The realtor will be able to show you Smith Lake properties of interest that are short sales in the area and let you know the advantages and disadvantages of each one. Also, importantly they will be able to assist you through the whole purchasing process, basically holding your hand and through often complicated procedures.