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All Forum Posts by: Sara Tranum

Sara Tranum has started 1 posts and replied 1 times.

Starting Out

Post: If a property you offered on ended up going into foreclosure…

Sara Tranum
Posted
  • Investor
  • Virginia
  • Posts 1
  • Votes 0

How does one offer or inquire about a short sale?

Background: I offered on a condo (still a newbie to investing myself, although this would make my third STR and second in one market), and the same day a second offer came in, higher. Sellers went with offer #2. Those buyers ended up backing out during the due diligence period. (Yes, I know why.)

The condo has now had foreclosure proceedings started. I’ve not bought anything out of foreclosure, and I’m curious about how others have done this. 

0 Votes