analyzing a short sale

[Brian Whelan]

I'm analyzing a short sale opportunity in a NY college town. I haven't dealt with one before and have been reading about how they can end up a painstakingly slow process!

I was thinking it be a smart idea to reach out the seller directly and try come up with an alternative method of financing; maybe to keep the banks out of the deal for now but keep the seller good on their mortgage payments- which I'm presuming is the issue bringing about the short sale in the first place?