8 steps to cover when wanting to buy a short sale: 8 Steps To Cover When Wanting To Buy A Short Sale. - 02/19/12 05:16 AM
Here are 8 steps to consider when trying to buy a short sale:
1. Figure out the financingThis should be the first step as to not waste your time. You have to know how you're going to pay for the property. Most lenders require either a proof of funds or a pre approval letter with any offers. If you're a good credit risk an existing lender may be willing to give you a loan. It's important to understand that in a short sale you may have to be able to move quickly. Once an agreement is worked out, it is common for … (2 comments)