Short Sales Work! - Posted by BigHarold
Posted by BigHarold on March 18, 2006 at 05:21:49:
I’ve said it here before, and I’ll keep saying it until everybody believes me - SHORT SALES REALLY WORK! I mentioned here before how I had used the call from this website on short sales to get one where I netted almost $10,000! I had another 2 deals right behind it, where I made another $7K between them.
I say this because I just got approval on one where the bank agreed to take $25K on a property where over $62K was owed! That’s of course less than half, and even though it needs a little work, like $10-$15K, I’ll still assign it to an investor for $5K profit. Everybody wins, as the investor gets a house he can turn for a quick profit. I haven’t assigned this yet, but hopefully will have an investor in short order!
The most awesome thing about this is that I’m about to get a property for myself in this way. In looking for pre-foreclosures to do short sales, I came upon one that was perfect for me and my family, with a great interest rate and plenty of equity. I get to enjoy a great house, and by taking over the payments, I can also help the original owner by not having his credit ruined. How’s that!
This is an awesome business, and anybody can do it. I never want to hear that short sales don’t work. I’m proof that they indeed do!