Where do you find short sale opportunities? With unemployment still at near all time high levels and the housing market at 2001 levels short sale opportunities are all around us, we just need to keep a keen eye to find them. However, remember that it’s not all about the money, it’s about the opportunity to help someone better their situation while helping with the recovery of the housing market. Here are some situations that may lead to a short sale opportunity:
•Sellers with health issues/illness
•Death
•Mortgage or ARM rate increases
•Victims of predatory lending
•Divorce/Separation
•Multiple mortgages
•Job loss/transfer
•Business failure
•Distressed Sellers – can’t sell for what they owe
•Declining market
•Pre-foreclosure
(no particular order)