Foreclosure situations are surging nationwide, creating real estate investment opportunities that are simply out of this world.
Short sales, in particular, are gaining serious steam.
Essentially, a short sale is when a homeowner facing foreclosure sells his or her home — with the consent of the respective money lender — for less than what is owed to the bank.
It’s a great option for distressed homeowners who want to avoid foreclosure and the crushing personal credit consequences that come along with it. On the other hand, working out a short sale deal can save buyers/investors (yes, we’re talking to YOU) a ton of money on their home purchases/investments.
In our most recent edition of “Investment Exchange” — our free educational real estate newsletter — we dive into short sales head first, covering everything from where to find them to how to negotiate the perfect deal that’s right for you.
To check the December 2008 short sale installment and all of the others click here.
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