Hello everyone,
My name is Greg and I'm currently new to the short sale investing strategy and I wanted to get some information on what are the typical documents needed in a short sale package for the seller to submit to the lender?
Also, can anyone give me good advice on the best strategies to get the BPO appraisal to come in as low as possible to work more in my favor to negotiate price with lender?
Thanks,
Greg
Replies
Wayne,
Yes, I would like to use this in my wholesale business. Looking to get a better understanding of the process.
Greg
1) Lenders are looking for something near FMV, and they know what they're doing.
2) No homeowner in foreclosure needs you tying up their property for more than 90 days, just to have you walk when you can't flip it, and they're now just 90 days closer to foreclosure. I've Never let a wholesaler tie up a short sale, and I can spot you a mile away.
Greg,
Feel free to shoot me an email to schedule a time to speak or call me anytime.
Brett@ishortsalenow.com
310-564-6389
www.ishortsalenow.com
Thanks Brett,
I will definitely give you a call to discuss the process of short sale investing.
Greg