Free Glide

At this time, there are 1,105 homes for sale in Area 2 of Nashville Real Estate. This is prime real estate and includes Belle Meade, Green Hills, West Meade, Oak Hill, Forest Hills, Hillsboro, West End, Sylvan Park, Belmont, Edgehill and Music Row.

194 of these homes are priced at $1 Million plus…with the most expensive being $8,750.00. This exceptional home features 19,849 sq. ft. on 8 acres. A pool, guest wing, theatre, sports room and 7 bedrooms make this a palace.

Closed single-family homes have decreased from 2008. For instance, in January of 2008, Nashville Real Estate saw 102 homes closed at an average price of $440,776….with 81 days on market. This past January (2009) decreased to 54 homes closed at an average sales price of $355,026….with 95 days on market. What a difference!

The month of February was much better. In February 2008, there were 79 closed sales with an average sales price of $434,608…with 83 days on market. In February 2009, there were 74 closed sales with an average sales price of $403,386 … with 96 days on market.

The Nashville Real Estate (Area 2) condo market is also down somewhat in the number of closed sales as of February 2009, the average sales price has actually increased to $247,690. However, the average days on market has increased to 119.

There are 765 condos currently on the market in Area 2. The most expensive being a 3,240 sq. ft., 2-story corner penthouse with 3 bedrooms and 3 baths. It’s priced at $2,150,000.

These days, there’s an ever-increasing supply of information about real estate investing on the internet. The number of people who consider themselves to be “real estate gurus” is exploding, and each day sees the birthing of new websites and blogs related to real estate investing.

And predictably, not all of the information available is worthwhile or even legitimate. So considering that state of affairs, here are some ideas about some of the real estate investing resources you’ll find out there. Note – we leave you to your judgment about the legitimacy of each resource.

* Terry Wygal is either a real estate investor or search engine optimization expert, depending on the day of the week. Wygal teaches common ideas – like submitting videos to YouTube – as ground-breaking advances in technology.

* Bryan Ellis is a verifiable marketing visionary and sometimes real estate investor who has a clear fascination with news and how the economy affects investors. Ellis has a blog at http://realestate.BryanEllis.com that has become a mainstay among serious investors.

* Gerald Romine has a software package for real estate investors that helps them complete complex paperwork and calculate offers. Gerald Romine’s software does not come cheaply, but it is well done.

With the exception of Bryan Ellis (who seems to keep a low profile), these people are known widely in the real estate investing business. Yet being famous doesn’t necessarily translate into honesty or integrity. For your own benefit, we encourage you to conduct a more thorough investigation.

I went to a tax sale yesterday in an out of the way rural municipality in New Jersey. Unlike most of the tax sales in New Jersey this sale was poorly attended. New Jersey is a very competitive state for tax lien investing so this was an uncommon event.

Most serious bidders arrive an hour before the sale starts. At first, I was pleased to see, with less than an hour to go before the sale, that there was only one other bidder there. Then I did my research on the properties that were left in the sale and I discovered why other investors didn’t bother with this sale. Out of the thirteen properties that were left in the sale, there was only one decent property. All of the other properties were vacant land and when I looked on the tax maps and checked with the zoning department (this is why I arrive at the sale an hour early) I found out that none of these properties were build-able lots. Most of them were land locked and none of them were large enough to build on, even though one parcel was a three-acre lot.

Since the other bidder there was a professional bidding for an institutional investor, I decided not to bid on any of the properties in the sale. I knew that if I bid on the one property that had a house on it, the professional bidder would bid high premium for it, so I decided not to bid him down and not to bid on any of the other properties since they wouldn’t be profitable. I stayed around to see what would happen at the sale.

About fifteen minutes before the sale three other bidders arrived. These investors were new to tax lien sales and did not really know anything about them. They asked the tax collector a few questions before the sale and indicated that they really weren’t there to bid but intended to watch since this was their first sale. When the sale began the tax collector let us know which properties had prior liens. Four of the undesirable properties had prior liens. I was not surprised and this just confirmed my suspicions that these properties were not worth bidding on. If they were, then the prior lien holder would have been there to bid on them, or would have paid the subsequent taxes and prevented them from being included in the tax sale.

The tax collector announced the first property, and seeing that no one was bidding on it, one of the inexperienced bidders could not resist. He bid 18% and was awarded the lien (this was the 3 acre landlocked and undersized lot – you need 5 acres to build here). The next three properties were struck off to the township at 18%. The next property was the only one with a house on it and that went to the institutional buyer at 18%. There were eight properties left. Another one went to the township. The temptation to bid and get a get a lien at 18% was too great for the other two new investors; they bought three liens each, each one at 18% interest. Fortunately for them, they were very small liens.

After the sale, I explained to them that they should check the zoning on properties before they bid on them. The tax collector does not tell you before the property is sold if it is unusable property and that is why the owner did not pay the tax. The tax collector only has to convey that industrial properties may be subject to the Environmental Clean Up Act, the Spill Compensation and Control Act, or the Water Pollution Control Act. And this is usually done in fine print; on the notice of the sale and the bidder information sheet.

When it come to buying tax liens, and this goes for other states as well as New Jersey, it’s “buyer beware.” As the investor, it is your responsibility to make sure that the property that you are purchasing a tax lien certificate on is a valuable piece of property. Even in states like New Jersey, where real estate is at a premium and has increased in value tremendously over the last five years, there are still tax parcels that are worthless. In many areas of the state, municipalities have been steadily increasing the zoning requirements for all types of properties. In many rural areas you need a few acres in order to build a house.

I know that many of you are under the false assumption that if you are a holder of a tax lien certificate; you are guaranteed to get paid. This is not true; it is a misrepresentation that is fostered by real estate infomercials and high priced seminars. The truth is that no one guarantees that you will be paid. You are first in line to get paid, but there are circumstances in which you might not get paid. You do have the right to foreclose on the property if you don’t get paid within the redemption period, but what if the property is worthless? Than you have a worthless piece of property that you have to pay taxes on.

Joanne Musa is a Tax Lien Investing Coach and Consultant who works with investors who want to learn how to buy profitable tax lien certificates and tax deeds. She is the president of Tax Lien Consulting LLC, a consulting firm for tax lien investors.

Ms. Musa is also the author of the Tax Lien Lady’s E-books: Tax Lien Investing Secrets, and Tax Lien Lady’s State Guide to Tax Lien and Tax Deed Investing. You can get more information about her e-books at http://www.taxlienlady.com/store2/sales.html For more tips about how to invest in tax lien certificates send an e-mail MoreTips@taxlienconsulting.com

The home buying process can be exciting and overwhelming at the same time. After all, it’s one of the biggest financial decisions you’ll ever make. So before you begin looking for a home, make sure you have a plan in place.

Here are some more tips to help you get the most out of your house hunting experience.

Take pictures of the home, inside and out.

When shopping for a home, bring your digital camera along. Or borrow one from a friend. Take pictures of all the houses you visit, and then group the pictures by house address for easy viewing later. This will help you remember the details of each house afterward. Then you can more easily decide which houses you’d like to follow-up on or revisit.

Bring a friend of family member along. Buying a home can stir up a lot of different emotions, and that’s perfectly normal. But emotion can sometimes overpower logic — not something you want when making a financial decision.

You can counter this by bringing a friend or family member along on your house hunt. By bringing someone who’s not so emotionally attached to the process, you’ll have an objective ally to help you identify the pros and cons of each house.

This person can also help you recall details about a house after each visit. And chances are, they’ll be able to point out aspects of a home you might not have noticed otherwise.

Compare the house to your budget. Ever heard the expression “house poor”? This is what happens when people take on more of a mortgage than they can comfortably afford. Ask yourself this question. If you have to work longer hours and scrimp and save just to afford a house, is it really worth it?

While house hunting, you’ll inevitably come across one or two houses that really knock your socks off, but would also knock a hole in your budget. But you have to keep your finances in mind, no matter how gorgeous a house might be.

Consider the commute. Here’s another area where it pays to be objective. If you find a house you like, and it’s within your price range, the next thing to consider is the location. Is the house near or far from work? Does it have access to the highways you need? How long will your commute be each day?

It’s easy to fall in love with a house and dismiss the drive time. But if you commute every day, drive time matters! Try driving to or from the house during rush hour to get a realistic picture of what you’ll face every day.

Avoid spur-of-the-moment decisions.

Buying a home will probably be the biggest financial decision of your life. So it requires careful consideration. Know what you’re looking for and how much you can afford. Remember to be objective. Then get out there and hunt!

* Copyright 2006, Brandon Cornett. You may republish this article in its entirety, provided you leave the byline, author’s note and website hyperlink intact.

Home Buying Don’ts

Your home buying process is well underway. The sellers accepted your offer to purchase. The home is officially under contract and you’re counting down the days to closing. The lender pre-approved you, so buying the house is a sure thing, right?

Not quite. Nothing is certain until the keys are in your hands. There are still major hurdles to get past before you close, and your actions between now and closing can create headaches, slowdowns, and even stop the transaction.

1. Don’t Make a Major Purchase

You’ve just found out your credit is A+. That’s great news, because a new car would look fantastic in the driveway of your new home. But hang on–if you are depending on a mortgage to move in, you’d best wait until after closing to buy the car.

An increase in your debt to income ratio reduces the amount of monthly income available for your mortgage payment.

If you tack on a higher car payment, the bank might decide you cannot afford the home.

Using cash to purchase the car could also create a problem, since banks consider cash reserves when approving your mortgage. If you must make a major purchase before closing, talk to your loan officer before you do it.

2. Don’t Change Jobs Unless It’s Necessary

Home Lenders like to see a consistent job history. They aren’t usually as nervous if you change jobs within the same field, but it’s better to stay put until the keys to the house are in your hand.

3. Don’t Give an Earnest Money Deposit Directly to a For Sale By Owner Seller

Your good faith deposit should go into a trust account. Some for sale by owner sellers don’t understand that funds are to be applied to your expenses at closing.

I’ve heard many stories about sellers who spent the deposit money prior to closing. When the transactions didn’t take place for valid reasons–such as financing or repair issues, the buyers had to fight for a refund.

Find an attorney or other neutral party who will hold the deposit for you until closing day and make sure your contract dictates what happens to the funds if the transaction doesn’t close.

4. Don’t Let Your Emotions Take Over

Keep a cool head during the entire home buying process, especially during and after an inspection. Be realistic. No home is perfect, especially older homes. It’s not unusual for new owners to take care of some repairs themselves. Don’t let the seller’s refusal to do a small repair kill the deal on a home you truly love.

On the other hand, don’t fall so much in love with the house that you’ll buy it no matter what needs to be done–unless you’re absolutely sure you can handle it emotionally and financially. Decide what type of repairs you can realistically tackle, then stick with the decision.

5. Don’t Forget to Switch Utilities

That sounds simple, but you’d be surprised how many people forget to apply for utility service at their new home. Call the utility companies as soon as you have a contract. Find out how many days lead time they need to switch the service, then get back with them when you have a firm closing date.

Don’t forget to discontinue services at your old home.

6. Line Up Your Hazard Insurance

A no-brainer, right? But it’s another often-forgotten task that buyers scramble to take care of at the last minute. Before closing, your lender will want to see an insurance binder showing you have coverage for the new home. Get it as early as possible so that closing isn’t delayed.
In some locations, additional types of insurance coverage might be necessary. Talk to your lender about insurance requirements well before the closing date.

7. Don’t Become Best Friends with the Seller

I’ll get some flack on this one. It’s great to be friendly, but don’t get into too many long discussions with the sellers, because personality conflicts often cloud judgments.

Remember, this is their home. You’re no doubt excited about moving in, and if you didn’t like the house you wouldn’t have offered to buy it. But you’ll make changes–everyone does. A casual statement about “ripping up that ugly carpet” might be hurtful enough to keep the seller from negotiating with you about repairs or other issues that crop up.

8. Don’t Panic if the Appraisal Comes in Low

At least not at first. There are some things you (and your agent) can do to correct the problem. Study your options.

9. Don’t Go It Alone

If you’re working with an agent, it’s the agent’s duty to track many of the day to day details that involve the lender, the seller, or the seller’s agent.

10. Don’t Ignore Home Lender Requirements

Know what is expected of you and take care of it. For instance, a Certificate of Eligibility is required to move forward on a VA loan. That’s something you must handle yourself. Answer lender questions and provide required paperwork as quickly as possible–your closing depends on it.

Special Loans (http://www.special-loans.com) specialises in providing secured finance where banks will not. If you have credit problems, are fully employed or self-employed, have income issues or employment issues, we have the best solution for you! We provide Non-conforming home loans offering wholesale home loan rates as well as Standard Home Loans, unsecured personal loans, refinance products.

http://www.special-loans.com

Like so many other times in the business of real estate, I’m absolutely amazed at how people affiliated with For Sale By Owner companies can write off the value of a state licensed Realtor and suggest paying Realtor commissions is not a good idea. There are many articles that promote the For Sale By Owner approach to real estate and that’s fine. Like many people, I like to get the facts before making an important and financially sensitive decision when it comes to large investments in real estate.

Many FSBO companies question why a home seller has to pay 6% realtor commission when they can simply pay $25 per month to place their home listing on a FSBO website. Now I’m not saying FSBO website exposure is a bad thing. I feel any exposure when selling your home is obviously a good thing. But, exposure alone is only part of the process necessary when selling a home. What the FSBO sites don’t tell you upfront can be quite scary.

If you weren’t selling your home, would you allow a bunch of strangers in your home to look around at each room, opening all closets and essentially taking note of all your worldly possessions? Most of us would get nauseous at the thought. Well, by utilizing a FSBO service to market your home, that is exactly what you are doing. They offer no screening process to ensure the strangers coming to your door are qualified buyers. Most don’t offer any assistance with writing contracts or negotiating them which leaves the homeowner fending for themselves. Unless you are a skilled negotiator, you are in for a rough ride.

When you list with a licensed Realtor, you are getting much more than just marketing. A licensed Realtor is bound by certain ethics and rules that are in place to provide the home seller a plan of action to help reach their goals. Marketing is only one part of what a Realtor provides. A state licensed Realtor is also responsible for negotiating not only the price of an offer on the home, but also the terms of the offer. Terms can include:

***Amount of escrow deposit

***Amount of additional escrow deposits

***Financing terms

***Closing date

***Who pays title search and insurance? What if a title issue comes up? What if there are liens on the property?

***Home Inspection periods and what the seller will or will not include if repairs are needed. What if inspections turn up termites or other damage caused by wood destroying organisms?

***What if a buyer defaults on a contract? How are you protected against lost time and how do you get the escrow money they deposited.

These are only a few parts of a contract that a professional and licensed Realtor negotiates on a seller’s behalf. Again, I’m amazed how anyone that is not highly skilled and knowledgeable in real estate sales and transactions would not highly consider interviewing several Realtors and reviewing their qualifications. I guess the closest thing to representing yourself in a real estate transaction would be representing your self in a court of law without using an attorney. Not a good idea. So, why would you pay a Realtor 6% commission? Quite simply to keep you out of trouble and protect your best interests. After all, we pay accountants, lawyers, doctors and consultants to advise us and keep us out of trouble. Why not a licensed Realtor?

If you are considering selling your home and are not sure if you will proceed as a FSBO or hire a professional and licensed Realtor, please visit my website for more information at http://www.SeanLSpencer.com. You can also call me personally to discuss the options and what is best for your particular situation.

Sincerely,

Sean L. Spencer
866-383-0707
http://www.SeanLSpencer.com

Passion. Focus. Dedication.

What Sean brings to his clients is a commitment and dedication to provide quality service. He does what it takes to make things happen and you always know he’s working with your best interests in mind. He offers reliable communication and follow through that will guide you in the right direction when it comes to your most important decisions. You’ll receive the one-on-one attention you deserve, with a warm and caring style that is all his own.

Most importantly, Sean knows what counts: Passion. Focus. Dedication. To Sean, these are the key elements for success and the foundation for the way he approaches all your real estate needs. You owe it to yourself to give him a call today. You’ll be glad you did.

Potential residential property investors are often bewildered by the wealth of information available regarding property investing, which is often contradictory.

First time property investors should take the following points into consideration before embarking on their property purchase but always check their own circumstances out with their accountant before committing any funds to the project: -

1. Rely on the numbers and leave emotion out of the transaction as you will not be living in the property

It’s not critical that you adore the colour scheme, the type of handles on the doors or some other features of the property – the numbers e.g. purchase price, rental return, supply of rental property in the market and potential capital gain, must stack up. These details, apart from potential capital gain, are readily available from real estate agents.

2. Start small time – you will be able to sleep at night that way

Start with a lower priced investment property and a smaller loan. As you will be, most likely, subsidising the loan repayments, there is less pain with a smaller loan if you are not receiving rental income during any period. Being able to sleep at night is always an investor’s objective.

3. Treat your property investment as long term

Unless you have bought a red hot bargain, you won’t be able to achieve substantial short-term gains and you need to be able to recover your purchase transaction costs such as stamp duty and legal fees together with your selling transaction costs. Of course, capital gains tax also comes into the equation when you sell. Capital gains tax will apply when you make a profit after owning the property for more than 1 year (from purchase exchange of contracts to sale exchange of contracts)

4. Either buy locally or within driving distance from home

It’s reassuring to be able to regularly see the property and know that it still exists and you are likely to be more familiar with the market. This does not mean that you should necessarily be purchasing the property next door to your own home as it’s advisable that you remain at arm’s length from your tenant and enjoy some anonymity. If you do purchase in an area that you are not familiar with always ensure that that obtain an independent valuation on the property you are purchasing even where you are using your own home as security.

5. Engage the services of professionals

It makes good sense to use the services of an accountant, a lawyer, a realtor and a mortgage broker to assist you in purchasing and managing your residential investment property.

6. Obtain advice from your accountant regarding the name in which the property should be purchased and the loan obtained

This decision can have substantial tax implications and should not be taken lightly.

7. Consider a fixed interest loan when borrowing

It will provide interest rate certainty. Whether you borrow interest only or with principal and interest repayments depends on your own circumstances. Your home loan specialist and accountant should be able to assist you with this decision and whether you borrow on a fixed or variable basis.

8. When selecting a property to purchase look for proximity to transport and amenities and avoid high maintenance features such as a swimming pool or a large garden

It’s important to purchase property that a tenant will be happy to live in. You should try to appeal to the mass market e.g. 3 bedrooms and covered car parking in an area where there is a high demand for and not an oversupply of vacant rental accommodation. When you buy properties, which incorporate a swimming pool or a large garden area, you can count on the fact that the maintenance costs will increase without any increase in rent.

9. Don’t attempt to squeeze the last drop out of your rent

It makes more sense earn a lesser rent but to have long term tenants who will look after the property and treat it as if they owned it. It’s also smart to explore the cost of insurance cover over rental income and property damage.

10. Don’t stop with a single residential invesment property

The first purchase can be a daunting process but the second and subsequent properties are easier to purchase than the first.

Bob Ward, a licensed Australian real estate agent, is a director of real estate training and public relations consultancy, http://www.lot109.com.au Along with his wife, Susan, he’s also a seasoned residential property investor.

It’s one of the most frustrating situations that a homeowner can face. You’ve decided to move, yet you can’t make that move until your current home sells. Then, for one of a number of reasons, buyers just don’t seem interested in buying your home. It happens all the time, and though it’s frustrating, the reasons are generally fairly straightforward. Here are several of the most common reasons that homes sit on the market longer than they should.

First, your asking price may be too high. This is the most common reason that a home doesn’t attract buyers. Homebuyers are often some of the most savvy shoppers in the world, because buying a home is generally the most expensive purchase a person will ever make. That means they shop hard and they know what homes are worth in their target area. If yours is out of line with those prices, it will sit on the market while others are snapped up by eager buyers. So check your price regularly against the competition.

Make showing easy. Sometimes the difficulty lies in how hard it is for potential buyers to view your home. If you or your listing agent insists on being home each time it’s shown, that means many viewing opportunities will be missed. If you want your home to sell quickly, it needs to be seen by as many buyers and selling agents as possible, so make it convenient for them to visit if you want a faster sale.

Another common reason a home doesn’t sell is its condition. Homebuyers know what they can get for their money, and they have an idea how much it will cost to repair or upgrade a home. So it your home needs work, you have a couple choices. You can either make the necessary repairs or adjust your sales price to reflect what it will cost to make repairs. Either way, you’ll improve your chances of selling your home more quickly.

However, be aware that many people won’t look at a house that’s advertised as a fixer-upper or as-is. The vast majority of folks want to be able to move in and begin enjoying their new home without having to do any substantial repair or upgrade. Therefore, it’s generally more desirable to make the repairs before you list your home. That way, you can use the upgrades as a selling point to encourage a faster sale.

Finally, you may need to come up with some creative marketing techniques to help sell your home. Believe it or not, the most effective means of selling is still the good old tried-and-true method of putting a sign in the yard. However, you can increase your chances of interesting potential buyers by attaching a plastic bin to your sign that offers flyers buyers can take home and study, offering details about your home’s price, amenities, terms, schools, and anything else a homebuyer would like to know.

Creative marketing techniques include home staging and advertising psychology. Kick your home staging up a notch with more than the usual deep cleaning, decluttering, and adding flowers. Consider your target buyer and stage suggestions of activities. Kick your advertising up a notch with sales copy that gives benefits to the buyers. Don’t just list the features of your home–turn those into strong benefits to the buyer.

The bottom line: if your home hasn’t sold within 60 days, you may need to look at one of the above situations to see if you can improve your chances of attracting a buyer.

Copyright © 2006 Jeanette J. Fisher

Jeanette Fisher teaches home sellers six steps to make more money selling their house. Whether you pay a real estate agent or sell by owner, find out how to get a bigger paycheck at closing. Free teleseminars, MP3s, and ebooks on home selling at http://sellfast.info

So you’ve heard that the Orlando Florida holiday home and vacation home market is no longer a smart investment but you haven’t heard it from a creditable source? First ask yourself “What does this person know about the market?” or “Is this person themselves investing in any Orlando Florida holiday or vacation homes?”. Everyday I get calls from people telling that they were thinking of buying a vacation home but a friend or co-worker told them the market is going to bust and Orlando real estate is about to go belly up or the whole US real estate market bubble is going to pop and in a few months US land will be worth nothing. This reminds me of the old Chicken Little story where everyone believes the sky is falling and a huge rumor windmill starts spreading. The fact is that the Orlando Florida real estate market is doing better then it ever has in history and vacation and holiday homes are turning out be profitable investments.

In fact with large developers starting to enter the Orlando Florida real estate arena both holiday homes and vacation homes are losing their cookie cutter appearances and turning into unique upscale properties that anyone would be proud to call their own. While in the past many Orlando vacation home developers cut corners where ever they could to save a buck new developers seem to be spending the extra money and understanding that people notice small details (What’s the point of buying a $500,000 house if it has wall to wall rough budget carpeting?). Of course not all developers are seeing eye to eye on this, many developers still believe that the bottom line is still the most important factor.

Why are Orlando Florida vacation homes rasing in value? Here are just a few factors:

1. Foreign Investors – While the dollar is low foreign investors are jumping all over US real estate in general and a large percent of them are looking at the Florida market. UK investors especially appreciate the large spaces and detail to craftsmanship that isn’t often found in their countries.

2. Safe Investment Compared to Stock Market – The stock market is down and while many people are buying up blue chip stocks for the long haul the truth is many don’t feel safe buying in when every day the numbers just go down and down. As quick as the stock market is going down the investment real estate market is rising. This makes it the best time to buy a vacation home or holiday home.

3. Save Money on Vacation – It’s common knowledge that no matter how the economy sways people always go on vacation. The holiday travel and vacation industry is a very stable market that doesn’t show much fluctuation no matter what external factors are working against it. Add in that Orlando Florida is the vacation capital of the world and it’s easy to see why many families want their own place to visit every year.

*** SIDE NOTE: Owning a vacation or holiday home in Orlando gives you a huge discount off many of the major amusement parks because you’re considered a local resident.***

If you’re an investor or not you still want to make money from your vacation or holiday home. This is why many amateur investors are getting into the market, it’s hard to lose money right now and these new investors feel that they’re real estate geniuses. With new incentives that some developers are offering there is no reason anyone with a reasonable income can’t afford their own vacation or holiday home in Orlando Florida.

If you have any question about the Orlando Florida vacation home or holiday home market feel free to visit my website or call me with any questions.

Goldberg Executive Realty Group
Mark Goldberg
Phone: 1-866-247-2259
E-mail: GoldbergRealtyGroup@cfl.rr.com

http://www.investrealestate101.com

As the seller of a property that you have purchased, or even refinanced in the last few years, you may not have very much equity in the house. Many investors will not want to even look at your house let alone make an offer because if there isn’t enough equity for them to make a marginal profit then it just won’t work for them.

Well no need to throw in the red flag because there are many investors out there who specialize in doing short sales.

How does this work? Well if you are behind on payments and a foreclosure is right around the corner you may be able to show how a hardship has caused you to get behind on your payments.

You would simply fill out a purchase agreement with your investor, a deed to be placed in escrow, and many other documents including a power of attorney. This will give the investor full control to get the short sale handled. Next, the investor will present a solid case to the lender who is holding the mortgage.

The investor will explain that that you (the seller) can not make the payments any longer and would like to give full control of the property to the investor. He will explain that the loan on the property must be reduced significantly for the investor to purchase the property. Are you with me so far? Okay, good.

You must understand that these types of sales are not a fast sale. That is not at all why they are called short sales. Infact a short sale can take several months of waiting around and negotiating back and forth between the lender and the investor. If for any reason your lender refuses a short sale you still may be able to avoid foreclosure. Your investor is experienced in this arena and will explain to you other steps you can take. Good luck!

If you need help selling your house Joe Loiacano and the Landmark Investment Group are here to assist you.

To sell your house and for a free consultation visit http://www.Soldin2Days.com.

Copyright © 2005 Landmark Investment Group. All rights reserved.

About the Author
Joe Loiancano is the owner and president of The Landmark Investment Group.

The Landmark Investment Group is a real estate investment company who buys houses as investments from people who need to sell quickly. Visit http://www.Soldin2Days.com for a FREE, confidential, no obligation consultation to learn how we can buy your house in 2 days or less! “Cash for your house in 2 days or less!”

Copying of Contents, in whole or in part, is permitted provided that author by-lines are kept intact and unchanged. Hyperlinks and/or URLs provided by authors must remain active.