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Short sale still viable?

Posted by Sheik H on May 28, 2013 at 1:25am in Short Sale Discussions

Hi All,

I am new here. I've been an investor for some time but have never used shortsale as an investment strategy.

Is this still a viable option in today's market?

What about the seasoning issue?

Any info would be appreciated.

--sheik

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Replies

Wendy Rulnick May 28, 2013 at 1:48am

Sheik, Here is an article from DSNews that might give you some insight about investors buying short sales.
- Sheik H > Wendy Rulnick May 28, 2013 at 2:58am
  
  Hi Wendy,
  
  Thanks for the reference.
  
  Would you know anything about the seasoning issue? - do investors have to hold these properties for 30-90 days?
  
  Thanks.
  - Wendy Rulnick > Sheik H May 28, 2013 at 3:01am
    
    Sheik - Yes in some cases they must hold 30-90 days. It depends on the investor on the loan.
    - Jeff Payne > Wendy Rulnick May 28, 2013 at 6:30am
      
      It would seem to be that in order to make any profit at all you would need to hold for 30 - 90 days while renovating to flip? I have not seen discounts big enough lately to be able to flip it immediately without doing any work to the property.

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