Posted by Eric on May 12, 2008 at 00:10:47:
In Reply to: Short sale question....Please heeeellllllpppp posted by Larry Morrow on May 11, 2008 at 08:09:49:
Hi Larry:
You write: "I am struggling with trying to figure out how I can assume the first mortgage of a pre-foreclosure when my credit is damaged and my revenue is low".
In that regard, I found this (new) book on short selling to be valuable, DESPITE its name: "Making Big Money Investing In Foreclosures Without Cash or Credit" -- about $13.00
Amazon link:
http://www.amazon.com/gp/product/1419597221/ref=s9subs_c3_img1-2871_g1?pf_rd_m=ATVPDKIKX0DER&pf_rd_s=center-2&pf_rd_r=0ZA5PE13HHJTV1N8N3CQ&pf_rd_t=101&pf_rd_p=278240301&pf_rd_i=507846One of the best parts - besides advising how to start with no cash/credit - is how to negotiate/deal with the banks.
Good luck,Eric