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'Short Sale Real Estate Investing Basics'Short Sale Real Estate. Short Sale houses and obtain enormous discounts for your real estate investment business with these little known creative strategies has never been easier. Short Sale Real Estate Investing allows you to create equity where there is none by negotiating with the lender to obtain a discount on the amount the seller owes. This technique works better in today's market with the downturn of the current economy since many sellers are finding themselves upside down owing more than their homes are worth.
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First, you must obtain written permission from the homeowner in order to discuss their situation with the lender. Then you'll request a short sale package from then lender. Complete everything and gather all the requested documentation and submit back to the lender.
Be sure to notate your representative (in most cases it will be someone in the loss mitigation department) with all of their contact information (phone, email, and fax).
Once your short sale package has been completed and submitted, they'll send out someone to conduct a BPO or full appraisal.
And finally, the short sale negotiations begin.
Here's a video that explains how to negotiate a successful short sale:
Short Sale Real Estate Investing is very lucrative for those that understand how to use these techniques and I'd personally recommend you visit http://www.REIRebel.com . This resource will give you the tools and resources to crank out short sales every month.
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