Short Sale Question
I was recently contacted by a pre-foreclosure property owner who is very motivated to sell, in his email he stated "i want noting to do with this property i want out as soon as possible" problem is he owes the bank way more than the property is actually worth. I really want to help this guy out but i usually invest in pre foreclosures with a bit of owner equity for the simple fact i like to keep them as rentals and flip once the value goes up. Ran the situation by a business partner he proposed i do a short-sale but, never done one and i have no idea how to, anyone who's familiar and would like to help me out please comment or connect i need all the help i can get on this one.