Short sales are very popular with investors because they represent an opportunity to buy a home at less than market value. However, before stepping into the quicksand, there are a few things investors should be aware of.
You may be riding on the Titanic, so diversify
Short sales are a slow process. We have seen competitive cash offers made six months ago that still have not been accepted by the bank. If you are making offers on only one or two homes, be careful that you don't tie up all available cash on a short sale that may stagnate for three to six months as you watch other great cash deals sail by.It is best to make offers on short sale properties when...
Read the full article here, just published today on NuWireInvestor.
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