Finding a short sale to participate in is not a difficult task in this market. The largest issues tend to be the fact that the home is typically sold in as-is condition and there is a waiting period. When most banks decide to accept the short sale the window to close is usually short as well. The last short sale I assisted with, it took the bank 2 months to decide to approve it because they were so backed up. When they finally di they only gave us 5 working days to close.
If this is what you are looking to do just remember you will have to move quickly once the time comes. - Sat May 17 2008, 10:08