Investing in Short Sales ? Back to Back Closings, Short Sale Funding

You can buy cheap, foreclosed homes, fix them up and rent them out for cash flow to resell when the market values increase again. You can even find a great deal on your own dream home. Some savvy investors are purchasing pre-foreclosed homes with short sales and then selling them to home buyers for a profit. Often, these deals are done in what is known as a back to back closing, where the buy and sell take place at the same closing table with one title company. If you are an investor who is working with REO properties, pre-foreclosures and short sales, you have no doubt noticed how much more difficult the double closing is. In the past, simultaneous closings were easy; however, with the mortgage melt-down comes the credit crunch,

Read more ...