I am looking for a little help. Has anyone closed any transactions with investors on a short sale, that then resold to someone obtaining a mortgage.
We are seeing this as being the next best thing; per the "investors" but, I have yet to speak with anyone who has closed title with an investor, who then sold within ninty days for a profit.
If you have; I would appreciate knowing how and who purchased from the investor. The lender, if there was one (from b to c), time frame, if rehab was completed and approx. percentage increase in sale price.
I have several investors going under agreement however, I am feeling this is all a waste of time, energy and money. The offers are 60%, at best, of current market value and they are now remarketing the property for full market price, with just being under an Agreement of Sale.
I have close dozens of short sales direct to the end user. Either an investor to hold or an owner occupant. I've got that down pat.
It's the a to b, then the b to c that everyone is talking about but, no one has close one. I need help with that one.
Thanks......Chris
Comments(1)