How To Make Money with Foreclosure Short Sales
If you've been following the real estate market at all with an eye toward getting in, you probably have heard that short sales are a hot way to get in and make a lot of cash in the process. While they were once a rarity, short sales are now a common tool used by lenders to get rid of proprieties with bad debt loans on them.
This type of purchase takes advantage of an old adage that a penny saved is a penny earned. In this case, however, the pennies saved are those a mortgage lender is trying to recover to your potential benefit!
TABLE OF CONTENTS
INTRODUCTION
SHORT SALE BASICS
A LOOK AT THE SHORT SALE PROCESS
ADDING UP THE NUMBERS
HOW TO FIND POTENTIAL BUYS
WORKING WITH LENDERS
WORKING WITH REAL ESTATE AGENTS
MAKING SURE THE PRICE IS RIGHT
DEALING WITH FIXER UPPERS
THE ART OF STAGING
THE BOTTOM LINE ADVANTAGE
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