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Finding Short Sales and Pre-Foreclosure Properties
With the economy changing we are experiencing more and more Short Sale transactions. You may know the Short Sale process as a Pre-Foreclosure. Simply put a Short Sale is when a home owner is behind on payments and typically has no equity in the property. At this point the home owner can apply for a short sale with the bank. Banks are mostly willing to work the home owner to sell property. The bank typically will allow the property to sell 12%-20%+ below appraised value, making a short sale/pre-foreclosure a great investment option. Please post any comments with further questions or suggestions. Thank you! SEARCH PRE-FORECLOSURES NOW
The video below will better explain the search system.
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