How To Buy a "Short Sale" House

1) Search for homes

Do a search on RealtyStore.com using Advanced Search, selecting Pre-Foreclosure (Lis Pendens) and Pre-Foreclosure (NOD) checkboxes in your search criteria.

2) Work with a Buyer Agent

Select a Preferred Partner from those listed in the Property Summary page, and let them know that you're interested in this property.

3) Contact the Owner

Lender Coalition Makes Effort to Help Owners in Default - CNN

An alliance of mortgagors known as "Hope Now" presents new lender guidelines aimed at helping consumers with their foreclosure problems by making it easier for borrowers to communicate with their lenders, urging negotiation between banks and borrowers, encouraging short sales, strengthening documenting methods, and even going as far as to suggest that banks simply "forgive" secondary lines of credit.
"Hope Now members agree to more streamlined, uniform approach
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