investor: Can you sell and investment property or second home with a short sale?
- 07/07/10 05:34 AM
Over the last several months I have had several people contact me in need of selling their investment properties. The problem was that they owed more than the homes were worth. That's where a short sale comes in. You may not know that a short sale can work for investment property and not just for a primary residence. With a short sale we have to prove that the seller has a financial hardship that requires them to sell the home. Perhaps the rent amount is not sufficient to cover the carrying cost of the home. Perhaps a loss of job or (2 comments)