WHAT IS A
a nutshell, a "short sale" is negotiating with a mortgage holder (bank)
to accept less than what is owed as payment in full.
A short sale is a strategy when we have a distressed homeowner who owes
the bank close to or more than what the property is worth.
Here's how it looks: The
homeowners owe $200,000 to their first mortgage holder and the payments
are in arrears. Their property is worth $200,000 in retail condition.
With the proper negotiating strategies, you get the bank to accept
$100,000 as payment in full. Purchasing a $200,000 retail property for
50% of its value is where we both get paid..
proper negotiations we can take your deal that most investors would pass
on and turn it into an amazing deal. Some of our happiest homeowners
have been from deals that had no equity..(read