Are Short Sales Possible on an Investment Property?

Posted on Dec 28, 2011 in Roseville and Sacramento Short Sale FAQs

Hi, I’m Mark Peek here with Keller Williams Real Estate, one of Roseville and Sacramento’s leading short sale specialists. Today I’d like to talk to you about investment properties. Do you have an investment property that’s underwater? Well, a lot of people that have investment properties think that they may not be able to do a short sale on it due to the fact that’s it’s underwater. Maybe they have a renter in there and they’re thinking the bank will not do a short sale because it’s an investment property. That’s not necessarily the case in every situation.

I’ve completed a lot of short sales with investment properties this year and actually on a few of them, my sellers were current on their payments. That’s another myth going around in the real estate world that you have to be behind on your payments to do a short sale. Even with an investment property you don’t have to be current. Even with an investment property you don’t have to be current. Several investment properties, firsts, second liens, they’ll do it.

So if you have specific questions about your investment properties, and you are considering a short sale, give me a call today. You can call me directly here, or you can hit the start here button at the top of the page. I’ll answer any questions you have about your specific situation. Again, I’m Mark Peek with Keller Williams Real Estate, one of Roseville and Sacramento’s short sale specialists. I look forward to hearing from you soon so we can figure out the best option for you and your investment property. Thank you for your time, have a wonderful day.

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