Short Sale Question

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

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.

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