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Author Topic: Short Sales?  (Read 1469 times)

onecoolcat

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Short Sales?
« on: February 19, 2015, 08:41:20 PM »
Anyone have success stories of getting a bargain investment property from a short sale?  I'm interested in a property being marketed as a short sale but I know its very unlikely I will actually end up with it because i'm only planning on putting 20% down and I don't know the title status of the property. 
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PseudoStache

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Re: Short Sales?
« Reply #1 on: February 19, 2015, 10:29:39 PM »
If it's close to a move-in ready property, lenders on homes in Orlando, do not seem to be discounting Short Sales.
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arebelspy

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Re: Short Sales?
« Reply #2 on: February 21, 2015, 08:55:40 AM »
Quote from: OneCoolCat on February 19, 2015, 08:41:20 PM
Anyone have success stories of getting a bargain investment property from a short sale?  I'm interested in a property being marketed as a short sale but I know its very unlikely I will actually end up with it because i'm only planning on putting 20% down and I don't know the title status of the property. 

Yes.

A short sale should still go through closing and get a clean title.

It's not too dissimilar to a regular REO sale, it just takes longer and has more paperwork, but the process is much the same - you'll still get to do inspections, etc.
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