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Updated over 7 years ago on . Most recent reply

Pamela Baker's profile image
Pamela Baker's profile image
Pamela Baker
  • from Gilbert, Arizona
  • Member since Dec 28, 2016
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Pamela Baker's profile image
Pamela Baker's profile image
Pamela Baker
  • from Gilbert, Arizona
  • Member since Dec 28, 2016
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Pamela Baker
  • Gilbert, AZ
3
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12
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General Real Estate Investing

Purchase Short Sale without going thru the short sale process

Pamela Baker
  • Gilbert, AZ
Posted

Any advise or strategies on purchasing a property that is listed as a short sale without going thru the short sale process, i.e., take over payments.  What are the steps to this strategy? AlsooOpen to any other ideas.

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Wayne Brooks's profile image
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Wayne Brooks
  • #1 Foreclosures Contributor
  • Real Estate Professional
  • from West Palm Beach, Florida
  • Member since Jul 27, 2012
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Wayne Brooks's profile image
Wayne Brooks's profile image
Wayne Brooks
  • #1 Foreclosures Contributor
  • Real Estate Professional
  • from West Palm Beach, Florida
  • Member since Jul 27, 2012
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
13,508
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

The property is upside down.....why would you want to take on a mortgage more than the value of the property?

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