Hi, Can a person do a short sale, then buy it subject to and then sell it L/O? (Can you tell I'm a newbie?!!) LOL How is a short sale acquired when you negotiate with the lender? Thanks
No. The primary reason a mortgagee would consider accepting a short payoff is to save the time of a protracted foreclosure. They'll want their money within 30 days from their approval.
To learn more about short sales... and be able to include that technique in your real estate acquisition tool box, check out A Short Sale E-Primer.
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No. The primary reason a mortgagee would consider accepting a short payoff is to save the time of a protracted foreclosure. They'll want their money within 30 days from their approval.
To learn more about short sales... and be able to include that technique in your real estate acquisition tool box, check out A Short Sale E-Primer.