Short Sale Question

Is it necessary to show cash funds when doing a short sale? How does one finance this if they cannot show funds??

Thanks

cool grin

Comments(3)

TheShortSalePro4th December, 2003

The Purchaser will have to demonstrate an ability to complete the Purchase as part of the short sale application. Generally, if you can't close, they won't approve the deal.

Typically, when you make an offer to purchase via short sale, mortgagee approval will ask that you close within 30 days. That approval can usually be extended into the next 30 day period.

Cash is king.
sammiecat4th December, 2003

Thanks for the info...

I guess that is my question. Where to get the CASH!
BAMZ4th December, 2003

Looking for cash? Try this....

http://www.thecreativeinvestor.com/Article437.html&mode=thread&order=0&thold=0

BAMZ