FAQ on Short Sales, for investors
Hello BP Investors!
There is a lot of great stuff on the BP site and I always seek to use it as a resource. So, right now, I'm working up a list of frequently asked questions on short sales and I'd like to get BP investor input. A few I have so far:
How long does it take for a short sale to close?
What's an Approval Letter and why is it necessary?
What's a "pre-approved price" mean for a short sale?
How can I get around a deed restriction on a short sale?
Can I assign or do a subject-to on a short sale?
How does a short sale mitigate 1st, 2nd and 3rd mortgages?
Why do I need to list a short sale with a licensed agent? Or, can I FSBO my short sale?
Why should I look into short sales for adding to my investment portfolio?
Can I short sale my rental property?
Ok, that's about as far as I've gotten. What else would an investor like to know up-front? Got any suggestions?Please comment below and let me know. I also plan on creating a short sale companion guide for the average home owners as well, along with a video guide.
Thank you!