second home: 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)

 
Matthew Haviland (Keller Williams Realty Atlantic Shore) Rainmaker large

Matthew Haviland

Atlantic City, NJ

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Keller Williams Realty Atlantic Shore

Address: 802 Tilton Road, Suite 202, Northfield, NJ, 08225

Office: (609) 484-9890

Fax: (609) 484-9808

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