By Chantal Howell Carey
Earn money IN SHORT-SALE FORECLOSURESForeclosures are the main ecocnomic method to put money into genuine property. yet so much genuine property books on foreclosure do not inform you the right way to put money into short-sale foreclosures--properties with much more revenue power than average foreclosure. A short-sale foreclosures is a lender accepting a personal loan payoff for under the volume owed. This complete new consultant from popular actual property authors Chantal and invoice Carey covers all of the fine details of short-sale foreclosures making an investment, from discovering houses to negotiating with creditors, to last the deal and creating a package deal. within you can find the entire details you must succeed:* discovering nice short-sale foreclosures offers* facing proprietors in monetary misery* while to shop for short-sale foreclosure* developing fairness in foreclosures houses* Writing winning short-sale deals* FHA, VA, and personal personal loan coverage short-sales* deciding to buy short-sale houses at public sale* realizing escrow, final, and identify coverage* Flipping short-sale homes
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Extra resources for Make Money in Short-Sale Foreclosures: How to Bypass Owners and Buy Directly from Lenders
Are we talking below the appraised value for a home equity loan? Or, are we talking below the appraised value for a recent market comparison? The last value is the only one that counts. 4. Transferred Transferred can simply mean transferred. Or, transferred can be a code word for an owner in distress. In today’s economy, when someone is transferred, they are often happy to have a job to be transferred to. But they may have been out of a job for a while and be in preforeclosure. This can be a nightmare for the owner.
What is worse, people can lose their property to a foreclosure without having any real estate loans attached to the property. If you do not pay your local property taxes, your local taxing authority can place a lien against your property. If you do not pay the property taxes within a certain period of time after the lien is filed, then the local taxing authority sells your property at a foreclosure sale for the back taxes. ) You can own your property free and clear (no real estate loans) and be sued.
Equipped with the knowledge and information in this book, you will be positioned to take complete advantage of this historic short-sale opportunity. A short-sale foreclosure is a lender agreeing to a sale of a property for less than the loan amount. You are able to buy property at a wholesale price. C H A P T E R 3 What Is a Short-Sale Foreclosure? A short-sale foreclosure is a lender selling a property for less than the loan amount. Foreclosures come in all shapes and sizes. Any property that has a real estate loan attached to it is a short-sale foreclosure waiting to happen.