If you have the tiime to wait 2-4 months to move, then by all means go for it! Make sure you have a Realtor that knows something about Short Sales so they can determine if the Listing Agent knows what they are doing. That will save you time and aggravation. Secondly, your Realtor should be able to help you understand the process and educate you so you can make a good decision. Foreclosures are also tricky but more predictable. You should have a Buyer's Agent representing you if you are in Maryland. Good luck!
buy short sale or wait for foreclosure?
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