Commercial Real Estate Auctioneers - Is A Short Sale Value Your Time In Actual Property Investing?

A short sale is the process of negotiating for a discount on the mortgage with a mortgage lender. The leander allows you to buy the property for less than the mortgage balance.

Florida, FL (prHWY.com) July 6, 2012 - Florida, July 06, 2012 - A short sale is the process of negotiating for a discount on the mortgage with a mortgage lender. The leander allows you to buy the property for less than the mortgage balance.

Of course, a home owner must be behind on their mortgage for the loan to qualify for a short sale.

Not all properties qualify for a short sale. Your efforts are likely to be wasted if you try to do short sales on the wrong properties.

Commercial Real Estate Auctioneers - A home owner must be behind on their mortgage at least two months. You must consider the mortgage balance. A property with only one mortgage needs to be profitable if you get only 10-20% discount.

If there are two or more mortgages, negotiating all of them can produce a lot of profits. You can get as much as 80-90% discount on a second mortgage.

A short sale can take 3-6 months, sometimes more. If you are new to real estate investing, you must consider this waiting period before adopting short sales.You must have enough money to cushion you during the long waiting periods. Otherwise adopt short sales as a part-time model in your reale state investing business.

Commercial Real Estate Investors - Your short sale application can be rejected for any reason. They can reject it even when it looks good. Be prepared for rejection. Having more than one short sale will help you. If you have selected your short sale candidates well, expect a 60-70% success rate.


If a property is about to go into foreclosure auction, you might not have enough time to stop foreclosure. . Choose properties that will allow you time to negotiate.


Some transations are not acceptable to lenders for short sales. For instance, lenders will not accept wholesale dels with "and or assigns".

You must be able to close after the short sale is approved. Normally the bank will give you a number of days to close. Some deals will make you good money. As long as you can qualify them properly it can be a source of big profits for you.



About the Author:

Commercial Real Estate Auctioneers - Fortna Auctioneers & Marketing Group is a creative, innovative, people-oriented and technologically-savvy real estate auction firm. Our work consistently delivers personal satisfaction and success, resulting in mutual pride by all parties involved in the sale.

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Fortna Auctioneers & Marketing Group
26 E. Main Street * Annville, PA 17003
Phone: 717.867.4451
E-mail: auctions@fortnaauctioneers.com

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