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Ok so I have a couple of questions pertaining to wholesaling properties. Once I analyze a property and decide that I want to make an offer... What if my offer is less then what the seller owes on the property? Can th...
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After executing a contract with a seller and passing the inspection period the title search turned up a second mortgage that puts the seller under water on the property by something in the neighborhood of $50k.The con...
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Newbie question. I read a lot of people complaining that short sales take too long. Would attempting to short sale on properties that are about to foreclosure motivate lenders to move faster? I read that lenders rathe...
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Hello,
I am here doing research for a client's blog as well as enhancing my own education in real estate investing. Always been intrigued with the subject, but never really did any serious investing.
Now I want to t...
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I have finally reached the point where I am making offers on multiple properties. I have made two offers on short sales in the past 2 months. While I might have difficulty financing both properties if the offers w...
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Hey all. I had a situation come up, which I will explain below, that made me think to bring this to the community to get your thoughts on it. I wonder what everyone's process is like when you do a short sale. I'm talk...
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I need help. I came across an owner who has abandoned the subject property and hasn't paid his mortgage since 2009. He told me he just wants out of it, wants nothing to do with it, wants to move on. Fast forward about...
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My friends daughter came to me with the following story asking for help.
Seller is approved for Citi short sale. Listing agent finds buyer who submits offer.
Buyer wants to lease prior to completion of approval by ...
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I'm sure this has already been addressed somewhere, but my search came back with no results for whatever reason. Anyways, when wholesaling, is the most you can offer someone on their house equal to the balance on thei...
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Can the bank come back after a seller for the money that was shorted?
Would the seller still be liable for the rest of the money the bank didn't recover?
How can you eliminate that in the paperwork?
thanks