Outsourcing Your Short Sale Deals for Preforeclosure Investors
If you’ve been investing in real estate, and more specifically preforeclosures, then there’s no skepticism that you’ve come across a fleeting sale deal. A fleeting sale is when the lender agrees to accept less than what is owed against the property in exchange for full acceptance of payment of the loan. In other words, if the loan balance is $400,000 but the bank accepts $300,000 as full payoff, then a fleeting sale has occurred.
Categories: What is a Short Sale? Tags: Deals, Investors, Outsourcing, Preforeclosure, Sale, Short
