QUESTION FOR THE SHORTSALEPRO!

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HEY "THESHORTSALEPRO", IN AN EARLIER ARTICLE YOU STATED:

"Short sales are very time consuming, and in my practice, require a few bucks. That's why I only pursue the shorts that will result in a profit. Most of you know that I don't invest in real estate. But there are times when I'm asked to salvage an 'at risk' deal, or I uncover an opportunity, work it to the point of an approved, short sale contract, then assign the deal to an Investor/Speculator.

You can't waste the time, energy, or resources on thin deals. However, on the short sale candidates that indicate profit, it's worth the effort."

MY QUESTION TO YOU THESHORTSALEPRO IS:

COULD YOU PLEASE ELABORATE FURTHER ON HOW YOU WENT ABOUT ASSIGNING A SHORT SALE CONTRACT OVER TO INVESTORS WITH THE BANK'S CONSENT, LIKE YOU STATED THAT YOU HAVE DONE IN THE PAST."

Comments(1)

  • TheShortSalePro21st April, 2003

    My right to assign was stated both in the Contract, and in the Proposal that was submitted to, and approved by the foreclosing mortgagee.

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