short sales
I am really a newbie but i have been to the court records know how to do that and there are quite a few properties that are ging to enter into banruptcy due to the thousands of boeing layoffs and i need to establish the funds to satisfy loss mitagation and then seller so if you are aware of a fast way to fund them please let me know
You should get in touch with a mortgage broker because they have access to a number of lenders. You are probably looking for a hard money lender. HMLs give out cash quickly, but you are charged a higher interest rate and points. There is also a lender finder if you click on "Lenders" at the top of the page.
Tanya[ Edited by tanya1215 on Date 05/10/2003 ]
May I suggest that you don't necessarily need to bring the loan up to date to make a deal work. If you are able to negotiate with the lender they may agree to new terms and not insist on satisfying the late fees and other charges. remember if it goes to forclosure auction they risk not getting that back anyway. If you can do that then put the house under contract and sell it to someone else before you have to go to settlement you don't have to have financing of any kind. This is not necessarily the easiest path but it is the least risky since with no money in you cannot lose money.
Just my 2 cents.
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