Day one rebuilding: 38 Loyalist Ave. Rochester, NY 14624. Video memoire of the latest acquisition by Offer Advantage Rochester III, LLC. We acquired this property using a list of potential motivated sellers whom which I called directly and along with their attorney facilitated the short sale process. It took well over 10 months to close on the property because the bank who is the 1st lien holder required a series of evidence from the seller to approve the sale of this property. At times short sales can take their toll on the parties involved because there is a series of legal issues the first lien holder must also satisfy and in essence take a "short" on the amount of money they are owed. Short sales can be a resource of good deals in any market. The chances of them closing seem marginal. With a great deal of patience, persistence, and knowing the right buttons to push can be a great resource for future acquisitions.
18 сен 2024
