Short Sales in Today's Market

By
Education & Training with Consulting Group INC/ Short Sale Negotiation Company

There was an explosion of Short Sales in 2008/2009 when the Real Estate Market crashed. What a lot of people don’t realize is, they never went away. With the financial strain that COVID-19 is putting on Americans, there is another explosion on the horizon.

 

If you're starting off in the flipping business, remember this:  Safety, Speed, and then Money.  It can be a hard business and it's best to have help along the way. You’re on the right team with people like us who have been buying and selling houses for over 25 years know the business and can help you down the road to success.  Our proven system will help you along the way.

 

Here’s an example of one of our Student/Partner deals:

  •         Amount owed to bank was $195k One MGT.
  •         A/B Purchase-Short sale lender accepted an offer of $75k. However, upon further inspection of property, there were multiple repairs needed. We went back to them with a counteroffer of $60k along with a report of all the repairs and it was accepted with a net of $53k.
  •         B/C Sale-Purchase Price $80K with $5k seller concessions given to buyer (the contract was for $75k but buyer wanted to up price to $80k and get $5k to assist in repairs)

 PAYDAY = $22,000

 

 For More Info CONTACT US

Comments (1)

Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Good evening Hunter,

Thank you for sharing your information with us.  I remember those day when the majority of sale were short sale.  I hope I don't have to see another short sale anytime soon.  

Jul 09, 2020 09:06 PM