Short Sale Deal - Need Help to Close!!!

[kospiah]

I've been able to negotiate a Short Sale deal valued at $400,000 for the price of $280,000.  The property is a four-year old two-family with a bonus Ground-level apartment.  The main apartments have 3-beds, 2-baths and large walk-in closets in the Master Bedrooms.  The bonus apartment on the ground-level has 2-beds and 1-bath.  The rents are $3,800 per month.  I need help to close this deal in two weeks.  Thank you all in advance for your expected inputs to make this first opportunity happen!

[christopher w]

Your buying at a 70% LTV which is good. have you contacted a HML to try and arrange financing? There is a list of them on the left side of this page. Start dialing for dollars. Good luck.

[kospiah]

Thanks very much, Christopher, for your input.  I'll try some of them right away!

[kospiah]

Unfortunately, before I could even start talking to possible lenders, the property is gone!  I waited too long... 

[christopher w]

Kospiah,

Another property will come along. Now you have time to get pre-qualified by a HML and a permanent lender. Get your ducks in a row so the next time a property comes along you will be ready to go.

[kospiah]

Christopher,

Thanks very much for your advice and encouragement.  That's exactly what I've started doing.

[JOHNNY Q]

Have your exit in place by having end buyer. To get more short sales advertise ,I buy house..