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Updated about 13 years ago on . Most recent reply
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New To Short Sales - need help in NYC
Hi All,
My father and I have been looking to buy property in Brooklyn, NY.
We have been going to auctions. No success yet but learning more every time. I have a good team of resources i.e. title, mortgage broker/banker, attorney, etc.
Another strategy we're trying to employ is the short sale. I have a list of lis pendens that range from today to from a year ago. I want to pick your brains to see what you think the best strategy is, both nationally and specific to NYC.
These are multi family homes usually 2-3 family (sometimes with a store), USUALLY owner occupied. About a month ago, my dad and I drove to the houses we were interested in and dropped off letters saying I'm a private individual looking to buy a home in their area. I also included that I am aware that they are facing foreclosure and that I would like an opportunity to discuss a financial arrangement. I included my phone # and private email address. I am thinking I need to write a better letter.
I have also today registered the domain [REMOVED]. Can this be of use to me in my letters?
I would love to get your input!
Thanks in advance for your help.
Tal