What Is A Short SaleYou may have heard the term but are not clear on what is a short sale in real estate investing. The newest way to purchase or sell property by negotiating a discount with a mortgage company isn’t very new at all.
The lender either accepts or rejects an offer to purchase the property lower than current amount owed. Another accurate and in depth description can be read by clicking the below link. Wikipedia.com’s definition of a short sale Being reasonable when requesting a discount is the best way to get a short sale approved. If you request 20-30% off of what is currently owed on the property, your chances of acceptance are pretty good. If a property is in need of many repairs or has some serious defects you may have luck negotiating as low as 50% of what is owed. Banks have been loosening their policies as of recently, making it easier to get an approval. Since the sub prime mortgage meltdown and decline in real estate values, many people are overleveraged and need to sell. When there is little or no equity in a home and a homeowner must sell, a short payoff may be the answer. Many investors and real estate agents are missing the boat of huge profits that is floating right by them. Savvy professionals are now asking, what is a real estate short sale? Get Our Free E-Course Training Guides and TipsWe Offer A Short Sale Negotiating ServiceConsider Our Short Sale Ebook
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To sum it up, a realtor, investor or homeowner contacts the mortgage company of a homeowner who is behind on payments or facing a financial hardship in an attempt to 
