real estate: Why it's Cheaper to Buy Short Sales than REOs
- 12/06/08 01:44 PM
Some months ago, I had a long conversation with a real estate investor about short sale properties vs. REO properties. He said he didn't think there was much in the way of savings derived from buying homes through short sales anymore. Instead, he said it probably made more sense for him to buy foreclosed homes and wait patiently to buy them through lenders' REO Agents. I thought that was it. I thought he had made up his mind on the subject and was just trying to politely tell me that he would no longer be needing my services, but then he … (21 comments)
real estate: Short Sales: Reasons Why They Take So Long
- 12/01/08 10:02 AM
When talking to individuals who are just getting started in short sales, I often hear the following question, "Why does it take so long to hear back from lenders about my offers?" To help answer this common question, I pulled together a short list of possible reasons causing the long holdups. Naturally, this is not a conclusive list, so I would appreciate your comments and feedback on what you think are other possible reasons causing these long short sale delays. POSSIBLE REASONS FOR DELAYS: 1. Because of the epidemic number of U.S. foreclosures, there are just too many cases for loss mitigators … (12 comments)
Some months ago, I had a long conversation with a real estate investor about short sale properties vs. REO properties. He said he didn't think there was much in the way of savings derived from buying homes through short sales anymore. Instead, he said it probably made more sense for him to buy foreclosed homes and wait patiently to buy them through lenders' REO Agents.;)
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