Double Closing (Short Sale)
I must share this bit of information for all those doing short sales. I recently found out that it is possible to flip a property on a short sale if you can do a double closing. I learned this from a book that I have been reading. The first thing you have to do is find a real estate attorney that does double closings. I found one throught another investor in my area. Then you must find another investor to sell the property to that understands your situation. Let that investor know that your only motivation is to sell the house quickly and in order to do that you have your own attorneys. If you sell the house below market value the investor should not mind. You will not get your money until after closing, usually the next day. In this case you are not assigning the property to someone else but rather buying it and selling simutaneously. I hope I didn't confuse anyone because I just did this recently and I am still learning the process. All I know is that it works!
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