Short Sale Hazards When Dealing With Rental Properties
As a short sale investor, you will often deal with landlords who may be facing foreclosure on rental properties. These short sale deals can be very attractive to traditional short sale negotiators who may have been “locked out” of many deals because of homeowner participation – voluntary and mandatory – in federal short sale programs. However, there are some complications that can occur with rental properties that may not be an issue with first or even second homes that are owned and inhabited by the property owner.