Here’s an excellent, very informative free video on short sales that’s actually easy to understand.
Thanks to Ken Cook of Cook Property Ventures, we can tune in and get a quick-start guide to basic short sales plus an extra invaluable tip or two.
Here’s what Ken Cook covers:
- What a short sale is
- Why do a [tag-self]short sale[/tag-self]
- What a bank does during a short sale
- What a [tag-tec]distressed owner[/tag-tec] should be doing with his repossessed home
- Over-leveraged, over-borrowed properties
- How to negotiate with the bank for as much as 10 percent below appraisal value.
- The short sale schedule; what happens when
Why are short sales so timely?
“There are more short sales opportunities than there have been in many months, if not years, and maybe never will be again,” says Ken.
Grab a cup of coffee and become a short sale expert within the next few minutes. It could make you some serious money during this real estate market.