Short Sales & Flips - Free Foreclosure Help - Loan Modification Help

GARRETT · #1 (**permalink**) 10-31-2007, 10:22 AM

I come across a lot of short sale deals as a licensed salesperson and I wanted to know if I could be the end buyer of the short sales and rehab and sale these properties. Would that be unethical or illegal in any way? I practice in MD and I do not market to people facing foreclosure.

877YouKeep · #2 (**permalink**) 10-31-2007, 06:54 PM

there is no ethical issue, you are entitled to purchase homes whether or not in distress. You are held to a different standard so disclosures must be done but you can do short sales. It surprises me all of the realtors doing short sales and content with their 2.5 %. Way to think outside of the box and make some real coin helping homeowners.

LossMitigation · #3 (**permalink**) 12-30-2007, 11:06 PM

there are no issues I know of if you understand short sales you must check with your broker so they are informed To view links in this forum your post count must be 10 or greater. Your post count is 0 momentarily.