Comments on: The Short Sale Killer http://cawholesaledeals.com/blog/867/the-short-sale-killer/ California & Nationwide Wholesale and Bargain Real Estate Fri, 27 Apr 2012 17:03:45 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Brian Glenn http://cawholesaledeals.com/blog/867/the-short-sale-killer/comment-page-1/#comment-950 Brian Glenn Sun, 25 Jul 2010 02:15:46 +0000 http://cawholesaledeals.com/blog/?p=867#comment-950 Yes, the banks are making it increasingly more difficult to "flip" an approved short sale anymore. I have started to "rescind" my contracts for a set "fee" for end buyers to take my place once the lenders have neared an approval. I try and keep my fees inline with an agents commission. I take from your comments that you are doing "mortgage elimination" on your investment properties. Great strategy! We are doing a number of these in Utah and are working out the kinks but will prevail. Keep up your educational emails. Yes, the banks are making it increasingly more difficult to “flip” an approved short sale anymore. I have started to “rescind” my contracts for a set “fee” for end buyers to take my place once the lenders have neared an approval. I try and keep my fees inline with an agents commission.

I take from your comments that you are doing “mortgage elimination” on your investment properties. Great strategy! We are doing a number of these in Utah and are working out the kinks but will prevail.

Keep up your educational emails.

]]> By: Steve Vawter http://cawholesaledeals.com/blog/867/the-short-sale-killer/comment-page-1/#comment-947 Steve Vawter Wed, 21 Jul 2010 19:04:08 +0000 http://cawholesaledeals.com/blog/?p=867#comment-947 Thomas.. I too am sick of 'gurus' taking my money for nothing!. I ask you to help I am on the verge of losing everything that i worked 20 years to get. (then got laid off). I LOVE real estate. I see deals everywhere around me.. But no matter how easy the gurus say it is to get Private or Hard money.. it just isnt so.. I CAN make people a lot of money in this time.. I will do all the work . find negotiate shortsale.. rehab and sell .. but i need money to do that.. WHERE DO I GET IT.. Everyone i have talked to wants a credit score.. which i dont have becase of my situation in past 2 years! Look i see this as the best market ever.. around me banks are taking 30-60% off the BPO.. this is crazy.. and the areas are great.. Jersey Shore!!. Thomas..
I too am sick of ‘gurus’ taking my money for nothing!. I ask you to help I am on the verge of losing everything that i worked 20 years to get. (then got laid off). I LOVE real estate. I see deals everywhere around me.. But no matter how easy the gurus say it is to get Private or Hard money.. it just isnt so.. I CAN make people a lot of money in this time.. I will do all the work . find negotiate shortsale.. rehab and sell .. but i need money to do that.. WHERE DO I GET IT..
Everyone i have talked to wants a credit score.. which i dont have becase of my situation in past 2 years! Look i see this as the best market ever.. around me banks are taking 30-60% off the BPO.. this is crazy..
and the areas are great.. Jersey Shore!!.

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