Short Sales and Listsource

[David Morgan]

Any success with finding short sellers using listsource? What parameters did you use?

[Bill S.]

@David Morgan so I don't do short sales but I do use list source. Short sales are any property that sells for less than the outstanding debt so I would select the equity (this is located under the property tab) at 0% for your target area. That said, that selection could yield a large list where people might want to sell but are unwilling to do a short sale (dings credit) and don't have to. Most people working short sales, find those people being foreclosed on who have no equity. They get the foreclosure list and then scrub it to find the short sales. Back in the day when there were lots of short sales, investors would let agents list these deals, make many offers and wait. Right now there are not so many opportunities in this space when compared to years past. 

Hope that helps.