Short Sale Proz-Investor Short Sales

The Hotest Markets For Luxury Short Sales

Luxury Short Sales Searching for a sophisticated short sale sure to be the envy of friends and family? Try out these hot spots for luxury short sales to find bargain basement prices on some of the most select properties in the nation. Make a Move to Malibu – Condo’s for a quarter million and entry level homes for less than a half million might not sound inexpensive to most Americans but... [Read more...]

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More Than Likely The Economy Will Crash Again

Just when you thought things were turning the corner… looks like we could be in for a double dip recession. Here’s why: #1 While the subprime crisis may be showing signs of stabilizing, the ARM crisis is just beginning to rear its ugly head. According to one business journalist: “The big wave of Option ARM resets has yet to come, and given the drop in home prices, refinancing won’t... [Read more...]

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Now What Are People Waiting For?

Curious what people are waiting for? Every short sale investor should be because the same excuses are those you are likely to encounter on a daily basis. Oddly enough, some tend to remain the same over time while others change according to the economic climate. Here are the top reasons for waiting to sell or entertain a short sale offer as cited by most potential clients as of November 2009: 1. Waiting... [Read more...]

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Top Ways to Blow a Short Sale

It’s that time of the week again so we thought it would be a good idea to end on a positive note while still putting a smile on your face. By now nearly everyone has heard of short sales but for every true to life investor generating credible wealth there are seven short sale shysters trying to part you from your hard earned investment. Here at the short sale riches.com we are too nice to point... [Read more...]

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Short Sales Don’t Hurt Credit Scores

Sarah Davies, vice president of VantageScore, at the Loan Modifications Conference now underway in Dallas, Texas, says restructuring plans on a mortgage, whether in the form a forbearance, modification or short sale, have a relatively insignificant effect on the consumer’s credit score. VantageScore measures the generic consumer’s credit score and his or her likelihood of slipping into 90-plus... [Read more...]

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Short Sales Investment Self-Defense

Short Sales Investment Self-Defense When it comes to short sale investing, there are plenty of self-proclaimed “black belts” but upon closer inspection, the facts are far less impressive; the vast majority of belt holders simple are attempting to keep their tunics drawn with a few modest colors scattered about. But low and behold, gaining a black belt in martial arts shares ample similarity to... [Read more...]

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Who’s Your Short Sale Seller

By far, one of the surest signs of a novice short sale investor is the tendency to think of the homeowner as the actual seller. While s/he certainly has a legal right to the property and therefore a “say-so” in whether or not to accept an initial offer for a short sale, when it comes down to the hard and fast fundamentals of the deal, more often than not the actual lender is closer to what most... [Read more...]

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Let’s Make It Clear About Short Sales

Although we have covered many short sale myths in the past, the growing need for viable information combined with clear confusion surrounding short sales has made the need for a follow-up more important than ever. Here to help define fact from fiction in relation to short sales are the most common myths and the information you need to know to close the deal: Myth #1- Delinquent amount determines the... [Read more...]

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