How to Find a Short Sale Specialist

Real estate investing is a booming industry. Quick flips, rentals and buy and hold deals occur each and every day. Short sales are one way in which real estate investors can receive good deals on properties. A short sale is a sale that is the result of an owner who is close to the foreclosure process. Instead of going through foreclosure, the lender agrees to the sale of the house for less than the remaining loan amount. Typically the seller is not allowed to make any money on the deal. Finding short sale specialists is one way to find cheap real estate.

Difficulty: Moderate

Instructions

Things You'll Need:

• Telephone
• Newspaper
• Internet Access

1. Contact a licensed realtor. They typically have investor contacts, some of which may be short sale specific.

2. Comb the classified adds for "investor special" listings. You can also find short sale specialists in the Wanted section. Look for ads that say they will purchase properties with cash and a quick closing.

3. Subscribe to some of the hundreds of real estate investor forums on the Internet. Not only can you discuss great marketing techniques, you can also network with potential short sale specilists.

4. Drive around your desired neighborhood and look for "For Sale By Owner" signs. Many people attempt to sell their homes by themselves if they are short sale specilists. That way they don't have to pay Realtor fees.

5. Join a local real estate investment club. Some meet every week and others meet only 1 week a month. This is a great place to network with local short sale specialists.

Tips & Warnings

• You may have to negotiate directly with the lender in a short sale situation.
• The closing process during a short sale can take a bit longer than a conventional closing.

[darrinsolomon]

on 7/18/2009 (Continued from below) ... are short sales, and that vast majority of my short sale listings are being SOLD and getting APPROVED by all major lenders including but not limited to:

1. American Servicing Company (ASC) 2. Wells Fargo, 3. Countrywide 4. Bank of America 5. EMC Mortgage 6. Specialized Loan Servicing 7. HFC Beneficial (Household Finance) 8. HSBC 9. CitiMortgage 10. NationStar Mortgage 11. Ocwen 12. Indymac Bank 13. Washington Mutual 14. National City Mortgage 17. Homecomings Financial 18. Flagstar

If you know that you need to get house sold as quickly as possible (or if you need a referral to a short sale specialist in your state - outside of Maryland), you can get the process started right away by clicking on the following link:

http://darrinsolomon.yourkwagent.com/atj/user/SellerFormGetAction.do

If the link above is cut off onto 2 separate lines on your screen, cut...

[darrinsolomon]

on 7/18/2009 I am a licensed Realtor with Keller Williams Realty and a certified (CDRS) short sale specialist who handles short sales in the state of Maryland. If you are going through any of these situations and you need to sell your home because you can no longer keep up with your monthly mortgage payments:

1. Divorce or separation
2. Loss of job
3. Reduction in hours or pay
4. Injured and can't work
5. Death of a spouse or major wage earner
6. Business failure
7. Adjustable rate mortgage adjusted upward
8. Property taxes increased significantly
9. Have to relocate to another state or country
10. Etc.

and you owe more on your house than you think it is currently worth, give me a call for a free consultation to examine your situation and see if you would in fact qualify to sell your house with a short sale payoff to your mortgage lender(s).

All of my listings are...

[waytoshortsale]

on 3/25/2009 check out www.WayToShortSale.com. They've written a great guide to the short sale process, written for the average homeowner (not in jargon for real estate pros and industry insiders). It's got lots of practical tips that go beyond what your realtor will tell you.

[swalkjac]

on 11/26/2008 Check out http://www.coastal-short-sales.com. This website provides useful information about non-profit organizations who can help home-owners who are having problems, information about lenders who are open to doing loan modifications and general information about the short sale process.