The Best Solution for that Distressed Investment Property just might be a Short Sale
Hi this is Kerri from the Bay Area Short Sale Angels. #1 :k1: short sale team. There are a lot of people out there who own rental property that is completely underwater and many of them have merely walked away from the property instead of taking the legal steps to rid them self of their distressed home. Some of these investors and others in the short sale business have heard rumor that it is difficult to short sale an investment property. However, in our experience it has been just as easy to short sale an investment property as your standard single family home. While many investment property owners merely walk away they are putting them self at risk by breaking the contract with their tenant. Since the bank knows most owners walk away it is in their best interest to get the property off of their books and will entertain a short sale…