(EMAILWIRE.COM, September 14, 2009 ) Atlanta, GA – As the market continues to be flooded with foreclosures; mortgage guidelines become stricter and real estate closings have become more complex. This puts a lot of pressure on home buyers, sellers, real estate investors and mortgage brokers. Relatively few real estate closings involve retail buyers and conventional financing today.

This is one reason foreclosed and boarded up homes are becoming eye-sores in nice neighborhoods as they continue to fall into disrepair or are condemned by the city or township.

Real estate investors, who look for great buys, hoping to resell them for a profit, are becoming frustrated with the strict rules and guidelines. Many investors would love to buy these empty homes, fix them up and get them occupied but lack of funding has made it impossible.

Real estate investors, who work with homeowners facing foreclosure by negotiating short sales, are providing a great service for all parties involved. The lender avoids the lengthy, costly foreclosure procedure when he agrees to accept less than he is owed on the mortgage. The homeowner benefits by reducing the amount of damage done to their credit by avoiding foreclosure and meeting a large part of their obligation to the lender. The end buyer gets a great deal and the real estate investor makes a profit too. The neighborhood also benefits as there is one less abandoned property on the street.

Unfortunately, lack of funding is the number 1 road-block many investors face when dealing with short sales. The only way to be successful is to have cash to buy the property in order to sell it to the end buyer. Conventional mortgages are for retail homebuyers who are purchasing a home for their primary residence. Investment mortgages are nearly impossible to obtain today and they are not practical for funding short sales.

Jodi Funke is a transactional lender who understands this dilemma. “Lack of funds is the number one reason most real estate investors cannot close a short sale deal,” said Jodi. “We provide one-day funding for the investor to buy the property and our nationwide team of closing professionals, attorneys and title companies are experienced in doing back-to-back transactions so the investor can fund the deal and resell the property the same day. It’s a win-win deal for all parties involved.” Learn more about wholesale funding at http://www.cashforshortsales.com

Contact:

Jodi Funke, Transactional Lender
Cash for Short Sales
7657 Mall Rd
Florence, KY 41042
859-594-4357
info@cashforshortsales.com


This press release was submitted by Right Now Marketing Group, LLC

Contact Information:
Cash for Short Sales
Jodi Funke
Tel: 859-594-4357
Email us


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