Is real estate short sale risky?
July 12th, 2009
I am being approached all the time by Nouveau Riche representatives wanting me to partner for the short-sale market they say is just exploding. I can see the value, but I don’t understand the risks. Is real estate short sale risky? Specifically, how difficult is it to find the:
- distressed homeowner,
- bank, and
- investor willing to go through with the deal?
I appreciate a response from someone “in the know” who’s willing to straight-talk this one.
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