Posted by John on March 11, 2006 at 17:47:04:
Dell we were discussing the foreclosure process, not the profitability of them.
You wrote"One thing about foreclosures. The majority of times you get someone to sign a contract, you will not close on that property." This is not the case with me. When I write an offer that is accepted by the seller, we close the transaction 100% of the time.
Now this is not the case with a short sale, but that is a different animal altogether. I agree that there are guru’s selling courses on this that make it seem common and easy which it is not. Very few properties are good short sale canidates.