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Updated over 8 years ago,

Matt Pritchard's profile image
Matt Pritchard's profile image
Matt Pritchard
  • Rental Property Investor
  • from Overland Park, KS
  • Member since Apr 24, 2016
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User Stats

205
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85
Votes
Matt Pritchard's profile image
Matt Pritchard's profile image
Matt Pritchard
  • Rental Property Investor
  • from Overland Park, KS
  • Member since Apr 24, 2016
Connect
Matt Pritchard
  • Rental Property Investor
  • Overland Park, KS
85
Votes |
205
Posts
Starting Out

Help On My First Short Sale

Matt Pritchard
  • Rental Property Investor
  • Overland Park, KS
Posted

I have a great lead on a deal; it would need to be a short sale.  The owner owes roughly $125k on the house, and they are very motivated.  I would need to get it around $90k to make the numbers work. They are agreeable to the offer.  

What is the process for making this happen?  I am not certain the procedure with a short sale.  

Do I make an offer for a Short Sale with the bank?  Is there a tactic that gets better results when dealing with a bank?  

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