I'm a new real estate investor and understand with a preforclosure we can do a short sale. Can someone ťell me the process of a short sale?
Came across an opportunity to buy a short sale at whatever the "as is" appraisal comes back.ARV is 104k.Rehab- 20k (cosmetic)If the appraisal comes back 45-50k I will buy it. Has anyone else done something like this? ...
House was abandoned for 6 months and has a reverse mortgage $370K but FMV is around $220. For purpose of negotiating with lender:1. Should I get reports/estimates from both Inspector and GC? 2. Should I leave it i...
hi guys got a lead for a potential short sale but the one thing i'm stuck on is the property is under contract with a realtor. must i tel the agent to step aside to more forward? has any done a short sale with a agent...
can anyone explain to me the complete process for a short sale so I can better grasp the concept?
Thank you all for your help.
Gerald
When doing a short sale, would it be legal/doable to offer money to the homeowner? I'll include it in the contract and hud statement so the bank will be aware of all the details in the transaction. Just curious i...
I've been looking in my target area for about 6 months now (all on the MLS because I have access) and haven't had one opportunity show up where the numbers work out. However, last week I found a short sale on the MLS ...
I have an opportunity to buy property potentially through a short sale. Kind of ignorant when it comes to short sales....I know what they are, but are their dangers other than the normal dangers associated with buyin...
I recently found out I still have a house I thought was gone from my first marriage. They found me and called so how would I do a short sale and make a little money for me?
is it possible to wholesale short sale homes to investors or is the process to much work for it to be worth it.