short sale flips: Short sale double closings - good or bad? - 08/27/10 08:55 AM
So here is the deal. Seller "A" signs up a contract to sell their short sale home to investor "B". Then investor B negotiates with seller A's bank to do a short sale for a low price.  In the meantime during all the weeks and months of negotiating with the short sale lender, investor B finds a buyer "C" to pay a higher amount.  Then when it comes time to close, seller A sells the house to investor B for $X and B immediately re-sells the house (either same day or a few days later) to buyer C for $X+++ .  The spread in values is B's profit.  I have heard some … (1 comments)

short sale flips: Short sale double closings update - 03/06/10 01:06 AM
Our Florida Realtors' magazine in March wrote an interesting article about short sale double closing transactions.  Check out the article here: Short Sales - Flips that may Flop.
The article is written from the Realtor's point of view and not from an investor's as I did in my blog series last Fall on Short Sales and Double Closings - the Good, the Bad, and the Ugly. The article points out that these deals can have many many extra bumps in the road compared to a normal deal. 
Many retail mortgages require the seller to have been in title for a minimum 90 days and up to … (6 comments)

 
Rob Arnold, Metro Orlando Full Service - Investor Friendly & F (Sand Dollar Realty Group, Inc.) Rainmaker large

Rob Arnold

Metro Orlando Full Service - Investor Friendly & F

Altamonte Springs, FL

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Sand Dollar Realty Group, Inc.

Address: Apopka, FL, Longwood, FL, Winter Springs, FL, Casselberry, FL, Orlando, FL, Deltona, FL, Debary, FL, , Altamonte Springs, FL, 32714

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***Sign up for our email hot property list & newsletter*** We Buy Houses Florida.com (TM) We Buy Sinkhole .com I Buy Houses Orlando .com My thoughts on the real estate industry, real estate investing, rental properties, mortgages, listing houses in the MLS, government and legislative issues affecting real estate brokers and investors. Serving metro Orlando & most of Florida. Rob Arnold - ABR, CPL, CRB, GRI, PHP - Managing real estate broker, Notary Public Disclaimer: This blog is for educational, entertainment, and yes blatant advertising purposes. Read it at your own risk and enjoyment :-) It is not meant to be construed as legal or financial advice. These are my personal views and opinions only. Regarding any properties advertised on this blog site - all information is deemed reliable but is not warranted nor guaranteed - price, terms, and availability are subject to change without notice. Copyright © 2007-2013. Sand Dollar Realty Group, Inc. All rights reserved.


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