Short Sale Funding - Roadblocks And Solutions For Investors

By Author: Jodi Funke
Total Articles: 8
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Many listings are for homes being sold on short sales, where the lender accepts less than what is owed on the mortgage to avoid the foreclosure process and having to resell the property.
The short sale is a way out for the distressed homeowner who is facing foreclosure or bankruptcy; two examples of situations that are very damaging to a credit score.
What a great deal for the real estate investor! Or is it? Unfortunately, the mortgage meltdown has caused the market to be saturated with foreclosures. This has put a lot of pressure on builders, developers, realtors and loan officers.
Loan officers are under pressure to close mortgages; builders and developers want to sell their properties; realtors need to sell their listings for commissions. The pressure has opened the door to real estate scams and mortgage fraud. As a result, mortgage guidelines have tightened, making it difficult for real estate investors to fund their deals.
Are you an investor who has completed the lengthy process of negotiating a short sale just to find out that you are unable to obtain the funding to close the deal? ...
... Do you have an end buyer; someone who has already went through the process of getting approved for a mortgage and all they need is you to do your part?
Honest real estate investors are running into roadblocks all over the place. Laws and guidelines are constantly changing creating more frustration as investors continue hoop-jumping their way through every transaction. Unless you have fat cash in the bank you will be faced with many difficulties in the real estate investing world.
What if there were a lender who could provide the funding for the first closing and then a title company who can do a simultaneous close to complete the process of buying the short sale, selling to the end buyer and paying off the debt all at the same closing table? Is this possible? Is it legal? What about seasoning issues and FHA guidelines? It sounds like one would have a better chance of hitting the lottery!
Jodi Funke has great news for the frustrated real estate investor. Her company can provide one-day funding to complete the short sale purchase and resale the same day. Imagine going to the closing table with no money, closing the deal and walking out with your profit. You can do this, legally and ethically, no matter what state you are working in. Visit http://www.cashforshortsales.com to learn how.