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Updated about 8 years ago on . Most recent reply

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Efren Corona
  • Chicago, IL
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Buying short sale properties

Efren Corona
  • Chicago, IL
Posted
Hey BP community, I was wondering what you guys think about short sale properties? After doing some research many people have commented that it can be quite a hassle and it takes a lot of due diligence to make sure everything is right. Any advice one these type of sales?

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5,116
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Kyle J.
  • Rental Property Investor
  • Northern, CA
5,171
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5,116
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Kyle J.
  • Rental Property Investor
  • Northern, CA
Replied

The last two short sales that I bought took a little longer than normal to close (roughly 3 months), but other than that there really wasn't any extra work on my part.  What sort of "hassle" have you heard about on the buyer's side? 

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