How to Cash in on EVERY Short Sale Deal That Comes Across Your Desk
With foreclosures exploding everywhere, many Americans are dealing with the fact that they bought houses they just
couldn’t afford. Few things are worse than losing your home. Anyone who has experienced foreclosure will telly you that
it is an absolute nightmare The banks have it difficult as well. They have to remove these big pricey houses off their records. If they don’t, they pay for the foreclosure process, opening costs and attorney’s fees. Foreclosing is not fun for anyone.
But today I want to show you a little tip on how to earn cash on short sales that would usually be passed over by the banks. And believe me this happens all the time. Its something called the “Deed in Lieu.” What you may not be aware of is that many banks will actually accept the deed for a house as a settlement for what the borrower owes.
So banks will quite often accept the deed so they won’t have to pay for the foreclosure process and attorney’s fees and opening costs etc. (You can usually get between $1000-3500 per deed!)
So what does that mean for you? It means that you can cash in on EVERY single short sale deal that comes your way when you
understand how the Deed in Lieu process is structured. (Even the deals that most investors would pass up as being a dud.)
Its great because if its a fantastic deal you make BIG dough on the short sale. If its not, then you can easily get a cool $1000-$3500 per deal using this little known wholesale real estate marketing trick.
For more great wholesale real estate marketing tips for your real estate investing, visit Wholesale Real Estate, and check out Michael Kimble’s blog for videos, atWholesale Real Estate blog.
