Hello All,
Please I would like to know how much an investor can realistically expect to make on a Short Sale. How much are you guys averaging on your shorts? I have heard that banks are only discounting to about 83% ...
Is anyone here dealing/making money with high end properties?
If so, can you please share your exit strategy.....
Thank you
LSouza
Figured I might as well make one of these since we have about 5 others with the same name.
I am missing something in the short sale process. Looking at the banks short sale package, they want an offer or purchase ag...
For those of you that are submitting a repair estimate with your SS package:
1) are you submitting it with the package or at some point after negotiations have begun?
2) how are you actually doing the repair estimate?
Okay, so I have been working on recording some of our Short Sale negotiations. I putting them together in a series of Blog posts. But, since I have been doing this for a very long time, I am stumped on what all othe...
Has anyone successfully closed a wholesale on a property that was originally a short sale? Meaning a realtor was negotiating a short sale for a homeowner, you ( the wholesaler ) submit an offer to the realtor, it get...
I am involved with a SS that is scheduled for auction in a few days. I just found out a drive by BPO was already done. My intention was to meet the BPO Agent at the property and show him the fire report/ insurance do...
I purchased a home through the Marshall Reddick Seminars about 5 years ago. The property value in South Carolina has dropped about 30%. I only collected 4 months rent out of the last 12 months. I have been paying the ...
I have listened to a few short sale gurus with different approaches on back to back deals:
1. Use a purchase contract and do not disclose the "b to c" agreement to the foreclosing lender it may kill your deal.
2. ...
Sooo... it's looking like I'm going to be taking on my first short sale. Question for the crowd: Do you guys generally sell to an all-cash investor or a retail buyer? The reason I ask is because my realtor is conc...