mortgage data aggregator corelogic has launched a monitoring program designed to help lenders detect short-sale "property flops" by alerting them when there’s more than one loan application. A short sale is a sale of real estate in which the net proceeds from selling the property will fall short of the debts secured by liens against the property.
Mortgage data aggregator CoreLogic has launched a monitoring program designed to help lenders detect short-sale "property flops" by alerting them when there’s more than one loan application. In a previous study, CoreLogic – which conducts a monitoring program designed to help lenders detect short-sale "property flops" by alerting them when there’s more than one loan.
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Flipping short sales is being sold as an investor gold mine, but is it as easy as it sounds? Let’s discuss. I received a call a few weeks ago from a long lost friend on the east cost; she had.
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A short sale in real estate is not always a pleasant transaction, but short sales have come a long way since 2006, so don’t sell the concept short. Our present economy does not mean that short sales have gone away. For example, a person who bought a brand new home could die the day after closing, and the costs of an immediate sale could throw that transaction into short sale status.
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A short sale flip is when an investor purchases and simultaneously resells, at a higher price, a short sale property – a property selling for less than the current mortgage balance. For this.