New Foreclosure National Moratorium - How does it affect short sales investors whom flip them

[Edwin De leon]

New Foreclosure National Moratorium - How does it affect short sales investors whom flip them.

I am just getting started going after short sales to flip them to other investors, so am I too late here and missed the boat again hopefully not...:)

What I am confused about is this national moratorium only for those properties that have been foreclosed all ready and sold via REO Brokers that are going to be stopped from selling them as Reo properties.

Or does this also refer to any pre foreclosure properties that are on the brink of being foreclosed, not sure if this is true or not and if it is true that they are not going to foreclose on anybody for a while till this messed is cleared up

Bottom line can i and other short sale investors still continue to proceed here going after pre foreclosure deals or should we stop and start going after motivated seller types of leads.

Where can i go to read up on this at some authority real estate site to understand what does all this mean to me and other investors.

thanks...edwin

[Tim Silvers]

I don't see how this moratorium wouldn't be the BIGGEST BOON TO SHORT SALE FLIP investors ever. Think about it. How else are banks going to unload properties if they can't foreclose? Hello? Short sales!