What do you think about having the owners who are interested in doing the short sale sign a quick claim deed taking them off title and me on? I can sit on the paperwork and not record the deed until I know the house will be able to sell as a short sale so I don’t pay the cost of recording if it doesn’t sell. Before the house sells I would then add a deed of trust for 20K payable to my company. That way I can make some commission on the deal and give some of the money to the old owners when the house sells. ???
My main question is how do I make money on short sales with out actually buying the house? I am not a real estate agent so I can’t make money that I know of, by selling the house to a third party.
What is the main way of making money with short sales when you don’t actually want to buy the property? I want to be able to negotiate the deal for the owner and sell to someone else make some money and get out. Any and all thoughts would be greatly appreciated.