From time to time, yes. Most people hear the phrase "short sale" and instinctively think of a seller that is in trouble and needs to sell their home fast to avert further financial problems. This is sometimes the case and can be an opportunity for a buyer to take advantage of another's misfortune. On the other hand, a lender may consider a short sale even if the seller is current with their mortgage, but property values have depreciated. In these cases the "bargain" price may in fact be consistent with actual market values rather than below.
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