Jodi Funke
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Pre-foreclosure investors are most successful in funding and closing a short sale when they have the funds available to finance the deal. Lack of funding is the number one roadblock real estate investors face when performing short sale transactions.
Many real estate investors would love to buy foreclosed homes cheap, fix them up, and sell for a profit; others want to buy and sell the same day. Just think, the end result could be neighborhood recovery in areas suffering the worst effects of foreclosures
A land trust is an agreement where the trustee agrees to hold ownership of a piece of real estate for the benefit of another party or the beneficiary. The land trust involves two major components; the Trustee and the Beneficiary(s). Here is some information about the use of a land trust when working a short sale transaction:
A land trust is an agreement where the trustee agrees to hold ownership of a piece of real estate for the benefit of another party or the beneficiary.
This is a great time to buy real estate. The possibilities are endless. You can buy, fix and sell at a profit if you purchase the property at a low enough price.
If you are a real estate investor today you are a happy camper! The market is saturated with foreclosures, short sales, distressed property and homes for sale for pennies on the dollar!
Homeowners facing foreclosure often choose to list their home for sale hoping to find a buyer before the process is complete. In many cases they owe more than the current market value of the property.
If you owe more on your mortgage than your home is worth and you can no longer afford to make the payments you might be able to sell it for less than you owe.
