OfflineI am interested in a few different short sales in my area that are listed in MLS. Now i know a short sale is for a property that has a remaining mortgage balance higher than its appraised value. Do i need to worry about a second lien or other hidden debts, and since it is through a RE agent, how is it any different than just buying a property through a regular sale? Also, what is the difference between a short sale and a short sale contingency? If anyone has answers I'd appreciate your response. Thanks.
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hi Kevin,
How do you work with bird-doggers? what does the agreement spell out and what legal forms do you prepare andcomplete to make the transction legit? What % of commissions do you pay? I am interested in shorts and have quite a few at-hand, but i really want to do the deals myself,so i cam come up. What incentive are you offering for me to send you "HOT" deals?
Thanks,
Patrice
hey kevin,
Ditto, i'm with patty12 thanks for breaking the ice patrice.i knew that shorties were time consuming but i wasnt aware of the complexity of them.i too am interested in pursuing these in my area (chicago). thanks for the insight.
steve
Or are you offering a contract with us fellow investors.
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www.virtue-investments.com
You def. have to worry lol, check out everything first.
RJB
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