Short Sale Flipping - How To Make $37,500 in 7 Days

 I have seen information like this offered on the Internet for as much as $4995, packaged in a nice DVD work book and forms.  Here is what you learn.

Short Sale Flipping.

Short sale flipping is a real estate investment technique that has become very popular recently. 

Here is how it works:  First you find a homeowner who is behind in his mortgage and owes more than the house is worth.  This should be easy as about 35% of the homes in the country are underwater.  Next, get the owner to sign a contract that says you will buy his house for 75% of the current value if the bank agrees to relieve him of the mortgage.

Now find a buyer that agrees to buy the house for 90% of the current value.  Lets assume the house is worth $250,000 and has a mortgage of $300,000.  You offer the bank $187,500.  You find a buyer to pay $225,000.   You just made $37,500.

Here is an article about folks that are doing this everyday.

http://www.heraldtribune.com/article/20091115/ARTICLE/911151083/-1/NEWSSITEMAP