Updated almost 16 years ago on . Most recent reply
Negotiating Your Own Short Sale Deal
I have a pending deal set up and need info. I am knowledgeable in negotiating and closing short sales but in this case I am not sure about negotiating the deal as I am the buyer. The seller and I have already agreed to the price and the seller is willing to do whatever it takes to get out of the property quick. So far there is no agent involved. I have my license but the sale is in another state.
I already have the necessary disclosures to complete the deal, I'm just worried about legal issues if I negotiate to get the sale approved and being the buyer.
Also looking for short term financing at 5points and 13% interest w/ at least 3 months differed payments so I can offer seller financing on the resale.
Any help and/or suggestions will be appreciated!
-Marcus :lol:
Most Popular Reply
As someone that owns a company that performs short sale negotiations both for ourselves and many other investors. Outsourcing is a great thing, but you REALLY need to fully understand the process for yourself.