In the past (prior to 2009-2010) Short sales were often a great opportunity for certain Buyers, with closings happening almost effortlessly. However, in more recent times short sales have become a very big Black eye within the industry and often have indeed represented a greater opportunity for frustration (to ALL parties) then investment.
With ALL of the latest complexities within short sales. I would highly reccomend finding a trusted Realtor who is Local to your target Buying area. #1. This will allow you your best opportunity to find the right Home for the right price and in the right area. #2. this will give you the Buyer, the necessary professional and Legal Team to guide and help protect you through the Home Buying process. #3. With this type of approach you may even find the perfect Home outside of the sometimes futile short sale process...
Make no mistake, there is an opportunity for a Deal sometimes through a short sale. But, there is a lot of opportunity for much frustration and months of time invested that amounts to nothing... A Good agent who understands your situation and needs, can find you many opportunities and help you to wgh. out your best options.
Good Luck, Hendersonville is a great place to Live and invest...
I would suggest reoprep. They assign short sales that have already been processed. When I get a short sale from reo prep they already have all financials because the short sale listing is a result of a denied loan modification. http://www.reoprep.com
Found some great deals in the Hendersonville area earlier this year for a few clients (young couples looking to buy under market value, maybe do a little work but not too much). Related story: http://signswemustobserve.blogspot.com/2009/06/another-affor
Stick to the areas that sell the best if you can, and be ready to act.
kevin pellatiro (615)714-7918 firstname.lastname@example.org http://signswemustobserve.blogspot.com/
Working with an experienced Realtor is the best way to handle looking for and purchasing short sales. I have successfully closed 95% of the short sales that I have either represented the buyer or seller. If you have any additional questions, please give me a call 615.390.5247 or send me an email email@example.com.
Thanks for your question.