Short Sale Market Changing
In the past banks played hardball when approached by short sale foreclosure investors but that may be changing soon making it easier for the short sale specialist to buy and turnover properties
In certain parts if the country home foreclosures are up as much as 739% in the last couple of months ( ie.. Orange County California ).
Banks typically limit the amount of non-performing assets they carry and when they've exceeded that quota, their motivation to cut losses becomes stronger which creates a perfect scenario for the savvy short seller.
These banks, stressed by backlogs of foreclosures and growing inventories will soon be forced by the sheer economic reality to rapidly dump these properties that are considered "non-performing assets".
As a rule, banks in the past were hesitant to discount REO properties because the level of non performing assests they held was probably tolerable - but this is changing.
Again, this really is a good time if you are considering a career as an foreclosure investor. There's plenty of information out online for those that are motivated and wish to profit.
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