Florence, KY (PressExposure) August 04, 2009 -- Real estate investors who work with pre-foreclosures and short sales have noticed how much more difficult it is to close deals and make a profit today. With the wide selection of vacant property being sold for pennies on the dollar it should be pretty easy to make a living. But with the mortgage melt-down comes the credit crunch, mortgage fraud and tighter restrictions with lenders and title companies.
Real estate investors who are taking action and mastering the difficult process of negotiating short sales are providing a great service to distressed homeowners facing foreclosure or bankruptcy. When they purchase the property on a short sale and resell it for a profit, the home is occupied instead of being a boarded up eyesore in a nice neighborhood.
Unfortunately, strict mortgage guidelines have made the transaction difficult to close. Mortgages for investors are very rare today. Investors must have cash to buy the properties. If they do not resell them quickly, their money is tied up in the asset and they cannot buy another one without selling the first one. That is why investors like to have a qualified buyer ready to purchase the property as soon as they buy it.
FHA guidelines and 90-day seasoning requirements are common road-blocks for short sale investors. Jodi Funke is a transactional lender who provides the funding for investors who have an end buyer. Her company includes a nationwide team of title companies who are experienced with back-to-back closings for investors who work with short sales. âNot all title companies are willing to handle this type of transaction,â said Jodi. âInvestors must have access to a title company with the knowledge and experience to perform these closings legally and ethically.â Visit [http://ww.cashforshortsales.com] to learn more.
Contact: Jodi Funke, Transactional Lender Cash for Short Sales 7657 Mall Rd Florence, KY 41042 859-594-4357 firstname.lastname@example.org
This press release was submitted by Right Now Marketing Group, LLC