discover short sales
Finding transactional funding is harder today than it was in the past due to the credit crunch, mortgage fraud and tighter restrictions with lenders and title companies. The days of easy credit are long behind us and due to the housing market decline a new popular way to make money in the real estate market is to short sell properties. Short sales have been around for a long time but have gained popularity with the drop in real estate values. Investors who close short sales deals will definitely earn great commissions these days.
One of the easiest methods to closing your short sale transactions is to use a back-to-back closing to get your short sale deals closed and funded on time. In a back to back closing the short sale deal is separated into two distinct transactions; one for the homeowner selling to the investor and one for the investor selling the property to the end retail buyer.
The key is transactional funding. You need to secure your own funding to make the deal work. The end buyer will be using funds obtained through a traditional loan or cash, so the only side you need to focus on funding is yours. Most conventional lenders have no problem funding these loans. The only notable exception is the FHA loans which have a 90 day seasoning requirement.
Transactional funding is a great way for investors to fund their short sale deals. The companies that offer transactional funding are in a great position because there is little to no risk in lending money for a few hours with a small fee attached. It turns into a win-win situation for all parties involved.
There is plenty of work to be done when negotiating a short sale deal. Having the transactional funding in place will allow you to focus on the other aspects of the deal and give you peace of mind knowing you do not have to use your credit or have a small fortune in order to negotiate short sales.
To save time in searching for a great transactional funding investor, use http://www.weprovidethefunds.com They have great resources that help close deals with a modest commission. That helps maintain your hard earned profits. Check them out and you will be well on your way to securing the necessary transactional funds for your next short sale.
Short Sale Secrets Live Training Part 3