Posted by Patrick Precourt on Jan 18th, 2009 | 2 Comments
It’s quite likely that many of you out there only think you can make a good sum of money on wholesale short sales. But we recently closed a retail short sale in which we made $10,500, and had the bank pay us! It was a two-family house down in southern Connecticut with an offer of $400,000 to start. We started the process by submitting a wholesale offer, with the hopes that we could resell this...