Good luck..I’m in the process of buying (hopefully) a condo in a short sale. It’s a really long, frustrating process. I’ve learned so much about the dark side of all of this...and who is making money from all of this. It’s been over three months..but there’s good news. I think I’m going to get it and I think I’m going to hear tomorrow. It’s a good deal, but be prepared for a long, drawn out process.
Hildy, the price of the condo isn’t the only consideration.
Does the association have a sufficient reserve fund? Adequate maintenance funds? Special assessments looming? Stable annual dues? Well maintained facilities?
Take a look at the reserve study and the annual budget—make sure you are buying in a sound community/building/etc.