Short Sale Financing??
Once you have a short sale offer accepted by the bank, how do you go about paying for the property? Do most offer cash, get a loan, hard money, etc?? Is Short Sale good for a beginning investor?
Short sales are tricky if you dont know what you are doing. Tricky in the sense that all t's need crossing and i's dotting. You have to come up with the funds usually in 20 days. The lenders will NOT allow you to assign the properties. Requirements depend on the lender and the type of loan the homeowner has