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Pre Inspection and use of the bank's special addendums only are excellent ways toward a clean offer. Another trick is to keep the time period for counter/signaround open and without expiration. This way you don't have delays on form for extension.
Best of luck with your purchase.
Sep 8, 2008 at 10:38 AM
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I've done a few short sales with some success. I find the more information I can give the bank's loss mitigation department the better my odds and the faster they work. I supply photos of the problem areas with the property, contractor quotes for repairs, a third party assessment of the depleted value, etc. Most of what I use came from Randy Lee's book on Short Sales. It is call "Short Sales. The Secrets & Strategies of Pre-Foreclosure Investing". I think you can only buy it on line. I've bought 3 copies over the las 4 years. 2 for me when I wore one out and one for my baby brother as a Christmas gift. He's done more short sales than me now! The site on the back of the book is www.Purpose.4T.com. It is well worth the investment if you plan to do even one deal. Hope this helps. -BW
Sep 3, 2008 at 8:33 AM
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