Savvy Real Estate Investing: Short Sales
Thursday, February 28th, 2008One aspect of investing in real estate is trying to take advantage of a short sale. Being unfamiliar with what a short sale is, I thought I’d do some research.
A short sale involves buying a house for less than the amount the seller owes the lender, pure and simple. A more sophisticated way of making real estate purchases, short sales probably require more tact and patience than buying a foreclosure, as it involves knowing more about a persons situation than you might let on.
A short sale usually occurs when a seller can’t make his loan payments because of …
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