Short Sale Question

Foreclosures, Short Sales, Tax Foreclosures
1

What type of contract do you use with the homeowner when attempting a short sale? And if the short sale does not go through, is there some kind of clause that releases you from the contract?

Like everyone I keep finding homeowners that are upside down and I have been unable to do anything for them. I have not done a short sale and do not know the mechanics of them (I know I need to get a course) but would like to start trying them.

Anyone willing to share the contract they use or at least suggest a good, low cost short sale course?

Thank you.
Brewer

2

You can use any contract you want. Just put that it is contingent upon lender acceptance or any variation thereof. I’ll try to post one of mine if I can, but they aren’t on this PC.

3

That would be great thanks. Also, do you think a course is necessary or is it something you can feel your way through with the lender?

Thank you.
Brewer