US Short Sale

Planning to Buy a Short Sale? Better Check the Real Estate Market in Your Area of the Country

Fri, 05 Dec 2008 22:01:16 GMT

Even if you already know how to purchase a short sale home, understand all the ins and outs of short sale processing, and have all the latest and greatest short sale software, you still need to know market conditions in your area. As the old saying goes, "Knowledge is Power." The more you know about current market conditions in your area, the better you'll do when it comes to short sale processing on your way to a short sale flip. This might be a good time to draw back from any plans to buy short sale properties or foreclosed homes and take a long, hard look at market conditions in your area. Depending on where you live, it could be that you'll be a buying a property that you won't be able to unload any time soon. You could stuck with a home or commercial property that's a colossal white elephant in the current market. If foreclosed homes in your area aren't selling well, there could be underlying market conditions present that it would really behoove you to take a look at before you risk sinking your precious capital in a property that you may not be able to sell as quickly as you think.

Some Things to Consider About Short Sale Processing

Fri, 28 Nov 2008 11:41:19 GMT

In the current chaotic real estate market there are many angles to consider before making any purchase. For instance, if you're trying to get into real estate investing, is it better to know how to purchase a short sale home, or should you try buying foreclosed homes? Well, for example, in the California real estate market, which is one of the hardest-hit in the nation, the opinion of most realtors and real estate investors is that only foreclosed homes and short sale properties are selling. Sales of new homes have stalled to the point where they are almost non-existent. So, if your choices are between buying foreclosed homes and short sale homes, which one offers a better opportunity for the investor. At this point in time, my advice is to go after foreclosed homes rather than short sale homes. It's easier and faster to purchase foreclosed homes and offers a lot less hassle to the investor. Did you know that it can take up to six months to close a deal on a short sale? And because of the ongoing drop in housing prices, the seller might have to go back and renegotiate the selling price with the lender because the home may be worth far less than it was when the deal was first initiated. So, take my advice and go with foreclosed homes instead. It's easier and faster.

Short Sale Activity Picking Up In Spite of Some Realtors' Opinions

Thu, 20 Nov 2008 12:37:24 GMT

Some Realtors are posting in blogs on the Internet that discourage people from buying short sale homes because of the long short sale processing times. I decided to check out the reality of this claim, and it does appear to have some validity. The banks are getting multiple offers on short sale homes, and it takes them a while to go through them. They are also understaffed to handle the high volume of the short sale homes they have, and don’t want to hire more staff because of bottom line issues. Since they’re already taking a beating on the mortgage loan, they don’t want to add to their overhead to get those assets off their books.

But this should not discourage buyers from buying short sale homes. If you want to buy a short sale for investment or just to live in as a primary home, get into the market now, and within months, you could be living in a great house with terrific appreciation potential down the road, since you bought it for less than retail.

Buying Foreclosed Homes with Zero Percent Interest?

Wed, 05 Nov 2008 14:05:47 GMT

Until the inventory of foreclosed homes begins to diminish, the housing market is not going to improve. The car makers are going back to zero percent interest, and wouldn't it be great if the government could figure out a way to arrange zero percent financing for people to buy foreclosed homes. In the end, it would probably get a lot of homes off the market, get people in nice homes, building a nest egg for the future, and help getting the economy back on its feet. Buying a short sale or foreclosed homes is the single-most important thing that needs to happen in this country to get the glut of REO properties off the market so that normal supply and demand forces get back into balance. I haven't run the numbers, but it would be interesting to see how many more people could get into their own homes by qualifying for zero interest loans with small down payments. Such a program would quickly end this housing crisis, and get the economy on its feet, making all of us winners.

The Advantage of The Short Sale Flip

Thu, 30 Oct 2008 15:42:22 GMT

When it comes to real estate investing, doing a short sale flip might be a more profitable venture than the traditional way. The advantage of doing a short sale flip is the decreased competition in purchasing the targeted home. Unlike short sale flips, getting homes through auctions can be hard since there are a small number of homes that may qualify as a good investment. For either an auction purchase or short sale flip, you are looking for a home that you can buy at a minimum of fifty cents on the dollar. This provides enough padding for repairs, enhancements and a nice profit. The problem is that this is not a well kept secret and the competition on these homes is fierce. However, not every investor is aware of the short sale flip process and, from those that know about them, not many of them are adept at getting them done. This means, that if an investor finds a home that he can buy at fifty cents on the dollar or less, the best shot to snatch that house and flip for a profit is by doing a short sale flip. There will be other investors that will put bids on these short homes, but the chances of getting these homes is much better.

Why It's Impossible to Do a Short Sale Flip in the Current Real Estate Market

Thu, 16 Oct 2008 22:47:34 GMT

Flipping houses has been a popular pastime for dilletante investors in recent years, but you know what? Those days are long gone. Because of changes in FHA rules, it's not possible now to buy a home and do a short sale flip. Even if you already know how to purchase a short sale home, you can't just go in, buy it, and then do a short sale flip. If the home was purchased with the aid of an FHA home loan, then you have to own the home for several months before you do a short sale. However, that's okay in the current market. You might as well hang onto that short sale property for several years before you try to sell it because that's how long it will take to regain its former value. According to the opinions of knowledgeable experts American homes will not begin to appreciate in value for several more years. But if you can buy some short sale homes or foreclosed homes and hang onto them until 2010, then you'll probably be able to make a profit from the homes that you buy as long as they're in well-maintained, desirable neighborhoods.

What NOT to Do With a Short Sale Flip

Fri, 10 Oct 2008 15:36:08 GMT

A lot of would-be real estate hawks want to know how to purchase a short sale home with the thought of snapping up a bunch of them and doing a short sale flip with each one. However, if you want to get into buying short sale homes and then selling them for a profit down the road, you need to know what you are doing. It takes more than just sitting through a class on how to purchase a short sale home and buying some short sale software. You have to avoid the mistakes that are common to many novice real estate investors. Here are a few suggestions for mistakes you can easily avoid when pursuing a short sale home. For instance, don't ever tell the buyer to do their inspection and home appraisal before the short sale has been approved by the mortgage holder. You absolutely must not counsel the seller of the short sale home to move out before the sale is completed; this is especially important in the case of homeowners who hold an FHA mortgage.

Think Carefully Before You Decide On A Short Sale Flip

Thu, 18 Sep 2008 20:26:52 GMT

What is a short sale flip? A short sale flip is what happens when an investor purchases a property for less than the true market value from a person who is selling to avoid foreclosure, and then resells it as quickly as possible for what it is actually worth. Some real estate experts recommend the short sale flip as a quick way of making money.
In reality you could actually lose money on a short sale flip if you don’t have sufficient knowledge of how the real estate market works. If you buy a property in a disreputable area you might have a lot of trouble reselling it any time soon. Furthermore, the housing market is in very bad shape at the moment, which is good for people who want to buy a property but not for those who aim to sell one.
You might want to think twice before considering the short sale flip. If you find a nice short sale home in a good area, by all means invest in it provided you get a fixed interest rate on the mortgage. However, if you want to maximize your profit perhaps you’d be better off doing any necessary renovations before renting the property out with the aim of selling it off a few years from now when the housing market is doing a little better.

It's a Strange Time to Do Short Sale Processing

Thu, 18 Sep 2008 20:03:26 GMT

To paraphrase Charles Dickens, it was the best of times for short sale processing, and it was the worst of times. It’s the best of times for short sale processing because prices are low, and there are many, many different properties available in a variety of price ranges. But it’s also the worst of times for short sale processing unless you’re well supplied with cash. All of the recent bank and brokerage failures will just make it hard for all but the best-qualified buyers to obtain credit. So it appears that many would be real-estate moguls will be thwarted in their desire to snap up some of the many cheap residential and commercial real estate deals that are currently flooding the market so they can make money with the short sale flip. Because of recent changes in real estate law, borrowers who get FHA money for their home loan are barred from turning around and doing a short sale flip. My guess is that a lot of the ‘for sale cheap’ properties that are out there will be snapped up by the so-called ‘vulture consortiums’, but let’s hope that there will also be plenty of homes left over to be resold as starter homes for young couples or families needing a bigger house. It would be a shame if all of the cheap real estate got snapped up by speculators. Home values might never recover.

What is a short sale flip and how can you make money doing it?

Thu, 11 Sep 2008 17:57:33 GMT

Over the past several years the residential real estate market has shifted drastically. This is because as the housing market continues to slide downwards, and lenders seemingly disappear off the radar at alarming rates, opportunity has also changed hands. Now instead of buying homes and flipping them as you would in the past, the fastest way to a surefire quick buck in the current market is a short sale flip. Now I am sure that you might be wondering what a short sale flip is. No worries, I will bring you up to speed.

A short sale flip is when you find a distressed home owner selling their property via a mortgage short sale—where the bank allows them to sell it for far less than they currently owe to avoid foreclosing. With a short sale flip you buy the home and get into with plenty of sitting equity. Then you fix it up and immediately sell it again for a hefty profit. A short sale flip is easy to sell because you are selling a home that still has plenty of value, making it attractive to buyers.

Starting Your Short Sale Processing

Thu, 28 Aug 2008 08:44:47 GMT

If you think that you might be in danger of losing your home then there is not time to wait to get your short sale processing on the road. Short sale processing is not an impossible task but it can be time consuming which means the longer you wait the lower the chances of your short sale processing being approved. A short sale can be very time consuming and complicated, but should be considered a viable solution of foreclosure avoidance. Simply put, short sale processing means negotiating with your lenders to accept less than what is owed on your mortgage. It is never a good idea to try to complete a short sale yourself. Having a professional who is experienced in short sales on your side can make or break the short sale deal. There are many details and paperwork involved in short sales and having someone who knows how to purchase a short sale home and deal with the paperwork is definitely required for success. One of the largest factors in starting the process is having an offer from someone to purchase your home. At that point the help of a professional or a consultant becomes indispensable since it is after the offer is made on your home that you will need to promptly and effectively deal with your lender.

Many people still don’t know how to purchase a short sale home

Mon, 18 Aug 2008 12:15:38 GMT

If you are looking for a home and you still do not know how to purchase a short sale home then you really should look into my friends. Anybody who is currently in the market for buying a new home should know or learn how to purchase a short sale home because you can get the best deals on houses when you know how to purchase a short sale home. Lots of borrowers are struggling right now to make ends meet. Many times the lenders will allow them to sell their home for less than they owe on the note to avoid a foreclosure. If you know how to purchase a short sale home you can easily find these homes for sale, for a lot less than they are currently worth. You can easily get the banks to agree to sell them to you and in the end, you will walk into a newer home that has plenty of equity and offers you the safe, long term investment that you are seeking amidst a real estate economy that has been less than healthy.

What is a short sale flip?

Wed, 06 Aug 2008 11:57:26 GMT

If you have ever wondered what a short sale flip is, then you are wondering about one of the few true ways to actually make money in a declining real estate market. The truth be known, one man’s misery is another man’s joy. That notion is entirely true when it comes to a short sale flip. So to better help you understand just what a short sale flip is, let me briefly break it down. Interested real estate investors with plenty of venture capitol do short sale flips all of the time. Basically they look for homeowners that are selling their homes via a short sale. They offer a decent bid that leaves plenty of room in equity in the home. Once they close the sale they may renovate or rehab the home before immediately placing it back on the market for a quick sale. The investors mark up the price slightly, leaving plenty of room in equity in the home. This is attractive to home buyers who march in and buy the home faster than other homes around it will sell. The investor pockets the money and moves on to the next short sale flip.

Regions Where a Short Sale Flip Might Be a Good Bet

Tue, 29 Jul 2008 15:48:07 GMT

A Condo Apartment in Miami Might be a Real Bargain Now

Okay, the news is in about U.S. real estate values and most of it is pretty bad. If you want to know how to purchase a short sale home, I would start with checking the real estate news on television, the Internet, and the newspapers every day. The latest nationwide survey shows that prices in the 20 largest U.S. cities are mostly down, with a few bright spots scattered here and there, but in general, most of the big cities are ripe for a short sale flip, especially Las Vegas, Miami, and Phoenix. Las Vegas and Miami in particular have shown the steepest drops in property values with home prices dropping more than 28.3 percent in both cities. Think about that for a minute. If you have a home in either of those cities, it's worth almost a third less than it was a year ago. But what's a disaster for some, represents a clear opportunity for investors who want to swoop in and do a short sale flip, and for firms that are handling short sale processing in those areas hardest hit by the drop in property values.

Profiting on the Short Sale Flip

Thu, 17 Jul 2008 15:18:42 GMT

We have all heard of flipping houses to make money but have you ever heard of the short sale flip. Short sale processing is seeing record numbers over the past couple years because of the high amount of people in this country who have defaulted on their loans. As the sane goes, “One man’s problem is another man’s opportunity.” More and more investors are moving into the short sale flip market because the high return on investment potential.

Houses facing a short sale will be selling for under the market value. That being said within the next few years when the economy stabilizes those once cheap houses will have increased dramatically in value. While there is always the quick short sale flip for the people that find rock bottom sales even the decently priced homes will be worth much more in the future. Deciding what route you want to take comes down to the individual property. If you can make a quick ten grand in a short sale flip then why not but if the selling price is not right just wait it out.

Short Sale Software Will Keep You on The Right Path

Wed, 09 Jul 2008 17:29:40 GMT

If you are looking to get into the short sale market then you can’t do without a good short sale software package. You want to spend most of your time in the meat of short sales and a good short sale software package will do just that. Your short sale software package should let you calculate things like prorated taxes and closing costs, cash on cash return, intern rate of return, net operating income, capitalization rate and many more. In addition, your short sale software package should allow you to score any short sales deal to see if it’s something that is going to be profitable for you and should also give you an offer range. Your short sale software package should give you’re the lowest and highest numbers that you want to offer during the short sale process. Some short sale software packages even let you create presentations either in person or on the internet. If you are not completely adept in how to purchase a short sale home or you want to have all the information possible before making a decision then you need short sale software yesterday. When you get it, it will make you feel like you have whole short sale department cranking, but most importantly, analyzing numbers for you all day long. The best decisions are made when we have all the facts and analyze them correctly. Good short sale software will allow you to make the best possible decision every time.

Welcome to usshortsale.com

Fri, 04 Jul 2008 11:16:52 GMT

Welcome to usshortsale.com