When you are buying a home, the last thing you would expect, in a declining market, is for the home price to be increased.
How is this possible? When it comes to Short Sales, it is not as uncommon as you might think.
A Short Sale is a type of Real Estate listing where the owner of the home decided they want to petition the bank and obtain their permission to sell their home for less than is what is owed. The home is upside down between what is owed and the current market value. If you look at the market decline since 2007, there are a lot of homes that meet this criteria today.
Here is a video that will explain how to get a better than average deal on a home that you want to buy.