« Things are constantly changing | Home
How To Short Sale
By Michael Hobach | June 9, 2009
You might be wondering How to Short Sale your first Real Estate deal…
This is probably the one thing that’s on the mind of those watching our mortgage industry fall apart. With all of the potential opportunities out there where does one start…
Realize that until the confirmation of sale which happens weeks after the Sheriffs Sale, the homeowner owns the property in question. There is a specific process required to negotiate and acquire a property in foreclosure. And not every property will yield a saticfactory discount to make it worth the work.
Now don’t misunderstand what I’m saying here – the point is that there are properties that will yield the profit or creation of equity to make the process well worth while.
So what do you need to do to start the process?
First you need to understand the steps – the research that you will have to do once you have a property owner willing to allow you to purchase their home – yes you must negotiate with the homeowners first.
Your negotiating skills and ability to explain the Foreclosure process to the homeowner will get them to work with you when it comes time to work with the bank.
The whole process is fairly easy to work through, however the sometimes challenging part is finding those homeowners willing to give you the opportunity to help them.
I’ve written a report that explains the whole process in detail and it’s been updated to reflect the market in 2009. I would strongly suggest that you get a copy of this report titled "Short Sales Exposed" – available from this site. If you are reading this blog post I will make this report available to you for just $1.99 if you click here.
You can review a series of books and reports designed to help you understand the Short Sale process by clicking on the web site logo above, or by following this link – http://ShortSaleBooks.com
To your success…
Michael Hobach
Topics: General | 1 Comment »
June 9th, 2009 at 12:59 pm
Hi. I am a long time reader. I wanted to say that I like your blog and the layout.
Peter Quinn