How do I get a list of short sales?

How do I get a list of short sales?

How to Find a Short Sale

  1. Contact local real estate offices and get on a list of people interested in short sales.
  2. Check MLS listings on real estate websites.
  3. Search courthouse filings for “pre-foreclosures” in the area.
  4. Select those pre-foreclosure properties that interest you based on their location and other factors.

How do you find foreclosures on Long Island?

A number of realtors on Long Island specialize in selling foreclosed properties, including American Way Real Estate, Island Advantage Realty, Cruse Real Estate,, Options First Realty and Island REO Realty. Search these sites for listings.

Is it easier to buy a short sale or foreclosure?

Buying a foreclosure typically is faster than buying a short sale, and an investor can buy a home for rock-bottom dollar. The national average of a foreclosure that needs some work may cost around $107,600, according to Re/Max. The investor could rent out the home or resell it after fixing it up.

Why is a short sale bad?

If you’re a seller, a short sale is likely to damage your credit — but not as badly as a foreclosure. You’ll also walk away from your home without a penny from the deal, making it difficult for you to find another place to live. However, a short sale can forestall foreclosure and its negative impact on your credit.

How do you tell if a listing is a short sale?

You can often tell a short sale by looking at the listing descriptions. They might say “short sale” outright — or if not, they might include other revealing language like “subject to bank approval,” “notice of default”, “headed for auction,” or other giveaways about the status.

Can you negotiate price on short sale?

Can You Negotiate A Short Sale? It is entirely possible to negotiate a short sale, but doing so can be a time-consuming process. Instead of negotiating with the seller alone, as is the case with most traditional sales, short sale negotiations must be approved by the lender, too.

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