How can I get referrals from lenders that have clients wanting to do short sales?
As an investor, it doesn’t make sense to browse short sales. If the owner has had to ask the lender for approval on a short sale, it’s usually not going to give you a very big equity position if you come in to buy it. Again short sales are usually situations where the owner owes more than the market value. A short sale is not a distressed enough situation to get a good enough deal for an investor. You’re looking for foreclosures, distressed homes, bank-owned properties, etc.
