December 28, 2008
A news report finally has come out demonstrating how Short Sales can benefit the borrower (see link below). Real estate investors are very familiar with short sales, the advantages and disadvantages for the banks, sellers, borrowers and buyers. Many cash flow properties are created by using a short sale as a strategy. If you mention the words “short sale” to a real estate professional in Indianapolis, Denver, Memphis, Kansas City or Vail, you’re likely to get a response that short sales are bad for sellers, bad for buyers, and just a complete pain. For real estate investors, active realtors and those of us working in this area day-to-day, we see that these transactions can actually be good transactions for everyone involved. They often leave the seller with some closure to a default without facing future collections and other consequences associated with just mailing in the keys in foreclosure. Likewise, short sales can be a great opportunity for buyers and real estate investors looking for nice homes at low prices that will cash flow. Realtors in some markets are now saying 1/3 of active listings are short sales (I did not take the time to verify that statement, however let me know what your point of view is).
At http://www.ezkeyre.com/ we do not focus on short sales. We are an investor to investor business, creating opportunities for building wealth and passive income through real estate: in short we a cash flow company. Although we have performed short sales, and had many conversations with banks this is not our specialty. On occasion we have clients get into trouble or over their heads with their other investments, and have it impact their participation with us. We will often buy our properties back when necessary, simply because a good deal is a good deal for anyone. With all of our 10 property or 15 property packages with our cash flow guarantee, that we owner finance, we have a delinquency clause that deeds the properties back to us in the case of missed payments. This prevents any damage to our client’s credit (from us), avoids any foreclosure proceedings, and allows the packages and the notes to be resold quickly.
Given short sales are so commonly asked about we figured this post would be of value.
Local Denver news station, Channel 2, recently ran a story on the positive aspects of short sales. Here is the link to the video.
Short Sale Story
Comment on this Post on http://www.ezkeyre.com/
A news report finally has come out demonstrating how Short Sales can benefit the borrower (see link below). Real estate investors are very familiar with short sales, the advantages and disadvantages for the banks, sellers, borrowers and buyers. Many cash flow properties are created by using a short sale as a strategy. If you mention the words “short sale” to a real estate professional in Indianapolis, Denver, Memphis, Kansas City or Vail, you’re likely to get a response that short sales are bad for sellers, bad for buyers, and just a complete pain. For real estate investors, active realtors and those of us working in this area day-to-day, we see that these transactions can actually be good transactions for everyone involved. They often leave the seller with some closure to a default without facing future collections and other consequences associated with just mailing in the keys in foreclosure. Likewise, short sales can be a great opportunity for buyers and real estate investors looking for nice homes at low prices that will cash flow. Realtors in some markets are now saying 1/3 of active listings are short sales (I did not take the time to verify that statement, however let me know what your point of view is).
At http://www.ezkeyre.com/ we do not focus on short sales. We are an investor to investor business, creating opportunities for building wealth and passive income through real estate: in short we a cash flow company. Although we have performed short sales, and had many conversations with banks this is not our specialty. On occasion we have clients get into trouble or over their heads with their other investments, and have it impact their participation with us. We will often buy our properties back when necessary, simply because a good deal is a good deal for anyone. With all of our 10 property or 15 property packages with our cash flow guarantee, that we owner finance, we have a delinquency clause that deeds the properties back to us in the case of missed payments. This prevents any damage to our client’s credit (from us), avoids any foreclosure proceedings, and allows the packages and the notes to be resold quickly.
Given short sales are so commonly asked about we figured this post would be of value.
Local Denver news station, Channel 2, recently ran a story on the positive aspects of short sales. Here is the link to the video.
Short Sale Story
Comment on this Post on http://www.ezkeyre.com/
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