Short Sale Offers... ideas

[Habbak Burs]

I have been looking to make an offer on a short sale... seems like they are the only ones I can make offers with some meat on the bone.

2 questions:

Is a short sale after a foreclosure & auction or is it before?

What are your strategies on making an offer on a short sale & getting a good deal...

I want to move towards a combo of flipping & brrrr short sales for instant return (for more investments) & brrrrr for long term.

Any advice would help

[Wayne Brooks]

You’ll want an agent experienced with short sales as your buyer agent.  Different situations call for structuring you offer differently, ie. if there are junior mtgs/liens you’ll often ha e to kick in additional funds to satisfy them, above your purchase price.

A short sale can only occur before a foreclosure auction.