Government incentives for sellers and lenders of short sales are to be
announced next week.
It looks as if rather small monetary payments from the government
are being designed to sway the lender to say “Yes!” to the short sale
offer, and help the seller to move without getting any proceeds from
the sale.
BusinessWeek has interesting numbers on their website about
the current market share of short sale and bank owned properties
in sales (not listings!):
Short sales were about 12% of all sales in August, versus 18% for bank-owned homes, according to the National Association of Realtors. But that ratio has changed since earlier this year. At their peak in March, bank-owned sales were 31% of the market vs. 18% for short sales. “We’ve gone through the subprime foreclosures,” says Thomas Popik, director of research at survey firm Campbell Communications. “The next wave is short sales by people who lost their jobs.” - quoted from BusinessWeek
These numbers are setting the stage for continuing the wave of short sale
profits for investors who are savvy enough to learn how to structure deals,
arrange funds, and flip the properties quickly.
At CaWholesaleDeals.com we are currently implementing our true syndicated
short sale business model. The opportunities to work with our team will be
huge for beginning and advanced investors, cash buyers, buy-and-hold
buyers, retail buyers and agents.
Engage in the conversation now so we can work together!
Comment on our blog to let us know where you stand.
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Government incentives for sellers and lenders of short sales are to be
