Buying a Short Sale or Foreclosure Can Be A Great Investment


Buying Short Sales

You can find short sale, pre-foreclosure, foreclosure and bank owned properties for a substantial discount since most lenders are eager to continue to get paid back the money that they have loaned out. Some lenders may also offer interesting, favorable financing terms. In a short sale, the seller plays an active role in the process and you will have their cooperation so most likely won't need to evict them upon taking possession of the home which sometimes is not the case with a foreclosure.

The short sale buyer must be well qualified. The bank will require the buyer to provide a pre-qualification letter with the submission package and in some cases may require a pre-approval letter. Proving to the asset managers within the loss mitigation department that the buyer is serious and capable sends a positive message and will strengthen your negotiating position.


Let us put our results-driven system of short sale negotiation to work for you. 


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Short Sale Basics

What Is A Short Sale?


A sale of a property in which the proceeds fall short of what the owner still owes on the mortgage. Many lenders will agree to accept the proceeds of a short sale and forgive the rest of what is owed on the mortgage when the owner cannot make the mortgage payments. By accepting a short sale, the lender can avoid a lengthy and costly foreclosure, and the owner is able to pay off the loan for less than what he or she owes.



"I had my listing with another agent and it was not attracting any serious buyers. After listing my property with a SHORTsense agent, we had multiple offers within a week. My agent had the knowledge, attention to detail and perseverance to negotiate a very complex 7-figure short sale settlement with two different lenders. I would highly recommend them to anyone considering a short sale." Eugene - Beverly Hills, CA


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