Short Sale-all Cash?-mortgage?
Im new to this and i have a question.You can only negociate with banks for a short sale only if you are paying cash for the amount ?or can you also negociate if you are getting a mortgage to buy the property?
"Can you only negociate with banks for a short sale only if you are paying cash for the amount ?"
Though cash is king... as long as you are prepared to close within 30 days from written, mortgagee approval... you can rely upon mortgage finance.
I have started my own business and right now directing a lot of effort into short sales. Although I just started I expect to be presenting short sale offers to various institutions before long. I am hoping to nail down more than one at a time. Is there anybody out there who will loan out the financing and take back a nice profit once the property is in control and flipped? I guess I am looking for references if this is possible.