All Cash @ Close?
Simple question here: When you do a short sale, are you required to pay in cash, or does the bank you are dealing with offer some kind of financing? I've found a property where they're willing to sign off on a short-sale, but if you need lots of cash then I'm out because that's not what I have. Any thoughts?
Don't confuse a short sale with purchasing an REO at a discount.
In a short sale, generally you'll have to bring your own financing to the closing table. In the case of an REO.... they may be willing to take a mortgage...
[addsig]