Bobbi Dempsey one of the authors of “The Complete Idiot’s Guide to Buying Foreclosures” blogs on the following list:
10 steps to short-sale homebuying
1. Identify potential short sales.
2. View the property.
3. Do your research.
4. Find all liens and mortgages.
5. Figure out the financing.
6. Contact the lender.
7. Complete the lender’s short sale application.
8. Assemble the proposal.
10. Seal the deal.
This is a very informative and insightful list which can be read in detail at 10 steps to ‘short sale’ buying. I highly recommend that anyone considering buying or selling a short sale property take the time to read this article in its entirety.