Think short sales are dead? Guess again…
The topic of real estate short sales has been a hot topic for many years in the real estate investing world.
There is an opportunity to create a win for the homeowner, the bank and for you as the investor.
See the article below discussing some of the current trends in the banking industry.
http://money.cnn.com/2010/03/29/real_estate/short_sale_explosion/index.htm?postversion=2010032914
I personally have stayed away from short sales for the past year or two because the banks have been less than helpful getting them done. Some take many many months to get a shortsale approved.
However, there is a new trend in the banking industry due to the financial strain that these bad loans put on the bank and it’s balance sheet.
Guess what, bank regulators do NOT like to see non-performing mortgage notes on a banks books. It looks REALLY REALLY bad and this is why we are currently seeing between 3-7 bank closings EVERY SINGLE week. As the problem grows on the banks books, the regulators tend to get a little, ahem edgy about it. 
The FDIC has to insure the deposits at these banks and when they see a bank going South in a hurry, they step in, shut it down, transfer the assets over to a seemingly stronger bank or create a special holding entity until they can find a buyer for the assets.
So, with bank closings increasing at a rapid pace (More closings will occur this year than we have seen at least since the S&L crisis). See the article below on the S&L Crisis, striking resemblance to what we are going through today.
http://en.wikipedia.org/wiki/Savings_and_loan_crisis
If you would like to learn how to start an ACTUAL real estate investing business helping underwater homeowners to shortsale their homes, save their credit and help them move on, register below for a free video below.
That video will show you how to turn many people’s lives around by helping them
get past the foreclosure trap and still be able to make money as well.
