Where Do You Find Homes To Short Sale?
Do you see a property on the foreclosure list then contact the bank? or do you just call a bank at random and ask them it they have any homes in foreclosure?
Do you see a property on the foreclosure list then contact the bank? or do you just call a bank at random and ask them it they have any homes in foreclosure?
Hi Iamhappy,
In order to know if a property is a short sale candidate, you will want to prequalify both the house and the owners hardship. The house may make sense to buy without a short sale.
First locate your foreclosure properties from the court house or list sheet, and market to the owners in the hope that they will meet with you. Analize the situation and move forward according. Just remember, before you can talk with the bank about a SS, you will need the homeowners permission!
Best of Success!
BAMZ
Through my experience most of my shortsales came from motivated sellers in foreclosure that needed a solution to their problem. You can run ads in newspapers, put up bandit signs, etc...to generate your leads. But before you start advertising make sure you understand the foreclosure laws in your state and also the shortsale process.
Thanks for your help, you've made the last bit of confusion disappear.