'font-style:italic;' class='uawbyline'>by Jeff Kaller
Short sales have been generating a hot buzz nowadays. And the hottest buzz is the profits earned in short sales. Short sales are when a home owner decides to sell because he/she is behind in payments and instead of going through with a foreclosure; the lender accepts a lesser amount for the home. What follows is that the seller avoids a completed foreclosure. The bank then cuts their losses quickly and the investor is able to buy a property for less than retail.
According to one real estate investor, the current financial environment is a call for creative action to real estate investors out there. Never before, have there been more foreclosures in real estate than there are right now. Houses are selling cheap.
