Found a good short sale

[Carlos Rodrigues]

Good evening BP members I wanted to discuss about a short sale in Elizabeth NJ I seen today. The property is listed for $250,000 and the property isn't in bad condition. I was wondering though how I'd be able to offer on a short sale. I hear the horror stories all the time but what if maybe I educate myself a little more on short sales and how I can help "speed" up the process. I've heard of pre-approved short sales, does that mean the property is approved for what it's listed for? Also does anyone recommend a link so I can self educate myself on this topic a little more. Thank you kindly!!

[Jerry S.]

Hi Carlos.  I'd suggest two things: (1) listen to episode 19 of the Bigger Pockets Podcast with Tracy Royce, she's a short sale professional/expert (I'll add a link below); and (2) find a real estate agent in your area that specializes in short sales.

I love the idea of you buying a short sale, I just think you'll need a professional to help lead you through the process.  Good luck!

https://www.biggerpockets.com/renewsblog/2013/05/2...