Listing with a realtor durring Shortsale negotiation
OK, I have been trying to get business from realtors here in MI. I still get the whole “ ignorant no it all should have been attorney, illegal , your scamming†stuff. But no big deal, some just don’t get it. I know this question will very state to state but I just got stumped with a question about listing the property prior to owning it OR DURRING THE NEGOTIATION PROCESS.
. “ You can’t legally list the property being just the contract holder, you must own the property firstâ€. Anyone have the rebuttal?
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You need to have an equitable interest in the property. I cannot define that for you because its varies state to state. A popular method is to use an option contract. Some argue that an option contract only gives you marketable interest not equitable interest, but that is a lawyer question. Find others short sale investors in your area, buy them lunch, and pick their brain.