A short sale is based on the distress of the homeowner. In other words, if the homeowner is not in a dificult situation financially it do not make sence for the bank to do a short sale. Having said that, if the investor shows as the new owner of the property the bank will not do a short sale because the investor is not in distress.
How can I make a profit from a Short Sale. What steps do I need to take. Thanks
Quote:
On 2007-03-14 19:46, NewPlayer wrote:
How can I make a profit from a Short Sale. What steps do I need to take. Thanks
That is not a question. The question is how do you want to make your profit?
A short sale is based on the distress of the homeowner. In other words, if the homeowner is not in a dificult situation financially it do not make sence for the bank to do a short sale. Having said that, if the investor shows as the new owner of the property the bank will not do a short sale because the investor is not in distress.