Updated over 12 years ago on . Most recent reply
Monetize A Short Sale Lead
I am, as far as I know, the only person in contact with the owner of a vacant, distressed property. She definitely owes more on the house than what it would be worth in its current condition. I do not have the funds or the expertise to complete a short sale, but I feel like it is possible for me to monetize this lead.
So far, I put out a vague craigslist ad that does not reveal the property address, but it does include a few cell phone pics and a brief description of what I know about the home so far. Several people have called and left me messages wanting to know about the property.
I am not really sure what I can or should do, but I hope that someone will agree to pay me a "bird dog" fee, should they determine this to be a good deal. However, I still face the strategic dilemma of which buyer do I pass this info to, and how do I ensure that I get paid? I'm just winging it here, so any input is very much appreciated.