Real Estate Investing: Short Sales

For the savvy investor, it is possible to find opportunities all around, and especially in times like this. The subprime lending crash has created a number of opportunities, from cheap real estate stocks and REITs to the opportunity to take advantage of the current buyer’s market in many areas. And one way to do this is through short sales.
What are short sales?
Short sales take place when the seller offers the home for less than he or she still owes on the mortgage. Most of these types of sales require lender permission to go through, and in cases of foreclosure the …read more