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Cliff B
  • Real Estate Investor
  • Los Angeles, CA
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Flip a short sale

Cliff B
  • Real Estate Investor
  • Los Angeles, CA
Posted May 4 2009, 13:59

Hey everyone, i need clarity on the process of flipping a short sale deal. my understanding is that if it has been approved, all i need to do is submit an offer to the bank and see whether they accept it or not, then find an end buyer and double close. am i missing anything?

The reason im asking is because i had a motivated seller call me saying they wanted to get rid of a house and they were "in the process" of doing a short sale. They are using a realtor and im supposed to meet with him to make an offer, so any advice on dealing with realtors would be beneficial to me as well..

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