Quote:
Originally Posted by Webmaster Advertising
Stupid question, how would we go about looking for short sales, is it literally just look in the local paper classifieds section or are there site listings like on foreclosure deals?
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Look for homes for sale. As far as I know they don't advertise for short sales, they are just normal homes for sale. Mostly it has been in the conversations with the homeowner or real estate agents where we will find out how badly someone needs or wants to sell and let the conversation go from there.
Banks have an over abundance of homes for sale and/or in foreclosure. They do not want these homes. You would be amazed at what a bank is willing to sell a home for if you have the cash to buy it outright. If a homeowner is way behind on his mortgage and is at that threshold of foreclosure and really wants to get the hell away from it, that is usually the best time to get the term short sale into the conversation and have the homeowner pass that backwards to their bank.