Short Sale Investing
The foreclosure market is at an all time high and it seems as though more and more properties continue to face home foreclosure. Because of this increased volume over the past few years, opportunities for real estate investing in foreclosures are tremendous. A search on Google will provide millions of pages on how to invest in pre-foreclosure short sale properties.
Short sales are becoming more and more popular when buying a home foreclosure just because of the huge discounts they offer. Real estate investing has been taken to a new level as more and more investment opportunities pop up everywhere. Therefore, it’s important to have the right knowledge when these real estate investment opportunities present themselves.
What is a Short Sale?
A short sale means the seller’s lender is accepting a discounted payoff to release an existing mortgage. Just because a property is listed with short sale terms does not mean the lender will accept your offer, even if the seller accepts it.
Be aware that the seller need not be in default — to have stopped making mortgage payments — before a lender will consider a short sale. A lender may consider a short sale if the seller is current but the value has fallen. The seller may have over-encumbered, owe more than the home is worth, so a discounted price might bring the price in line with market value, not below it.
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RH Sterling
570.972.1245
Skype: rhsterling

