Buying Short Sales Vs. Foreclosures

By | April 22, 2010

It’s an interesting market, to say the least.  A simple internet search will turn up tons of listings that are tagged with ‘foreclosure’ or ‘short sale’ (incidentally, if you’re interested in foreclosure listings, you can sign up here for free Sarasota foreclosure lists delivered right to your e-mail.)  Some of the prices look too good to be true; some of them are.  Here’s a quick comparison of short … Read More! »

How To Buy A Short Sale – Writing the Offer

By | April 19, 2010

A step-by-step approach to making an offer on a short sale

How To Buy A Short Sale – Things To Know Before You Start

By | April 12, 2010

In my previous article, I talked about what a short sale is and why a bank would accept one. Now I’d like to get a little more in-depth and show you how to successfully buy a short sale. What You Should Know Before You Start First of all, let me say that short sales have come a long way.  There was a time when banks were very hesitant … Read More! »

What Is A Short Sale?

By | April 7, 2010

Once upon a time, short sales were among the rarest of transactions. Houses tended to appreciate (heavily) over time and mortgages used to come with heavy down payments, leading to lots of equity for sellers. People could wait a few years, get a few tax benefits, and then sell for a profit.

Not anymore.