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Updated almost 14 years ago,
Short Sale Profits Potential
Hello All,
Please I would like to know how much an investor can realistically expect to make on a Short Sale. How much are you guys averaging on your shorts? I have heard that banks are only discounting to about 83% of FMV. I have also heard that it is wise NOT to buy any property that has less than 30 - 35 % equity esp in this declining market.
Therefore, does it make sense to buy a short that is only discounted by 17% ?
Thank you!