Real Estate Investing: Short Sales Explained

| Total Words: 1019

Before I begin, you should know my name is Ross Treakle and I interview real estate investors as part of my job. In each interview I try and pick and pry at each investor to get the highest quality information so that my subscribers can hear up to date, high content interviews.

Below I have taken an exert from the very first interview I ever conducted. I conducted this interview with my brother, Graham Mr. Banker Treakle. Graham is a short sale investor with special insider knowledge as he has worked in some of the nation’s largest banking institutions.

I always start off every interview asking the speaker to speak briefly about there particular area of expertise. Below is Graham’s answer to what a short sale is and why banks accept short sales.

We’ll go over the numbers, Ross. A short sale is pretty simple. If you have a property that’s worth $150,000 and let’s say it has a first mortgage for $100,000 and a second mortgage for $40,000-what that means is the total debt on that property, or the total mortgages, is $140,000. Being a real estate investor, I wouldn’t want to buy a $150,000 house for $140,000. It...

To view and download this full PLR article, you must be logged in. Registration is completely free. Once you create your account, you will be able to browse, search & downlod from our PLR articles database of over "1,57,897+" on 1,000's of niches and 200+ categories without paying a penny. Click here to signup...

Recommended Products You Might Like

Real Estate Investment Secrets PLR Ebook

Price: $1.97
Download Now

Real Estate Essentials MRR Ebook

Price: $1.97
Download Now

What You Need To Know About Real Estate MRR Ebook

Price: $1.97
Download Now

** TEXT to VIDEO: Create Awesome Videos From Text... FAST!...