Short Sales
Looking to strike a deal on a short sale home.
Patients is the key.
The advantage is possibly getting a home at 88% of market value. It may take from a month to several months to purchase such a home.
A short sales is getting the bank to accept a deal that is less than the seller owes on a home that is values at less than the mortgage.
The seller needs a hard ship and be able to explain to the bank that they can not come up with the difference needed to clear the mortgage. ( This is where most of the time is spent to make the deal go through.
