What is A realestate short sale ?
963284
Tom Voli is close.  A short sale is indeed the lender agreeing to accept less than they are owed, and the lender will issue a 1099 at the end of the year because the difference is taxable income.\n\nYou are going to need to plead poverty in order to get them to accept it, and the listing agent is the central figure in getting the bank to believe it.  I've been involved in these from the buyer's end, and it doesn't matter how persuasive the buyer's agent (or the buyer) is,  it's how persuasive the listing agent is that makes it work.  That agent is going to have to convince the bank - via state of the market and state of your finances - that this is the best offer they are going to get.  Literally, there is no more money to be had and if they don't take this, they're going to end up with less, after their money sits for months or years in a non-performing loan.  Do NOT try this "For Sale By Owner", and probably not with a discounter either - the bank is going to want an expert on the case, with a motivation to get the highest possible amount, and that person is a full service listing agent.\n\nMore here\n\n http://www.danmelson.com/posts/1147462736.shtml
235717
Usually a portion of the rent goes into a fund for a down payment with the hopes of having enough to get a mortgage at a later date if you're talking about a house.\n\nBut be careful as some of the "rent to own" houses are scams for houses that just can't be sold for one reason or another.
818964
it's called a Real Estate agency...look in your yellow pages
807229
This is where the property is put up for sale and private bids are accepted, called tenders. It is like an auction except that bids can be placed at any time before the closing date and all bids are private so each bidder doesn't know how much anyone else has bid. It is also not neccessary for the seller to go with the highest bid.
481774
WARNING: many of the "get rich quick in Real Estate" deals (scams) are centered around buying tax forfeited properties. The taxing authority (the county) used to sell these properties for the amount of taxes owed, but many counties have begun selling them either at "fair market value" or by auction to the highest bidder. Be careful, and be sure to get an appraisal and inspection before purchasing
887063
Call your local real estate commission or board of realtors.
75266
Depends largely on the state in which this is happening.  In Texas, our real estate contracts spell out that you can lose your earnest money AND be sued for specific performance.  The specific performance on our contract refer to any party backing out, not just the seller.\n\nBear in mind there are things that you can do to get an 'out', but usually these involve option periods, time to finance, etc.\n\nEmail me if you have any further questions.
491670
short sales are reported only once a month, I believe. So not only not in real time but also not in any time at all.
192354
It is the process of creating a financial instrument (mortgage-backed securities) by combining other financial assets (mortgage) and then marketing them to investors.\n\nhere is more info about mortgage-backed securities -\n\nhttp://personal.fidelity.com/products/fixedincome/pombs.shtml
170964
20 years ago I had a Keogh that was drafted by my attorney that included provisions for borrowing a limited amount of money from the plan for a real estate investment. I don't know if the laws still allow for that. I do know that there are trustees that have flexible plans that let you do straight real estate investment.\n\ncheck this website.\nhttp://www.ekeogh.com/prohibited_transactions.html
307238
Its a percentage of the sale amount or the rental amount. Usually about 5% in the US.
1008192
Get a commercial real estate agent.  They can help you find a location, and the seller pays their fee.
1186023
Correct..A shortsale is when an Real Estate Investor discounts the mortgage for less of what there asking for.Banks have to do this because they can not have non performing notes on there record.Also when a property is in foreclosure the Bank Already got paid the whole note or amount borrowed through the FDIC..This is why Real Estate is always good..Regardless what the market saids.\n\nGood Luck\n\nwww.foreclousreavoidance.ws
868799
Fee simple is an estate in land in common law. It is the most common way real estate is owned in common law countries, and is ordinarily the most complete ownership interest that can be had in real property short of allodial title, which is often reserved for governments. Fee simple ownership represents absolute ownership of real property but it is limited by the four basic government powers of taxation, eminent domain, police power, and escheat and could also be limited by certain encumbrances or a condition in the deed. How ownership is limited by these government powers often involves the shift from allodial title to fee simple such as when uniting with other property owners acceding to property restrictions or municipal regulation
458521
As you correctly know 'Short selling' means selling something that you do not have/own. this word is a common terminology used in the capital markets. This word is a combination of 2 concepts. In the capital markets especially the stock makets, if u hold a substantial quantity of a stock or if you are having a paticular stock and you still buy more of it, it means going long or it is said that you are holding a long position or you are long in that stock. Similarly, vice versa if you do not have a particular script/stock nd you still sell it, it means you are going short or you have a short position. The entire process of selling a stock not owned/possesed by you at the time of selling is called 'short selling' whereas the selling a stock owned by you at the time of selling is called 'long-selling' or commonly 'selling'. It is more of a kind of speculation however when done intelligently can give you good profits in a short time. However the catch is that when you short sell the quantity sold must be covered within a definite time frame like the same day, or 1 month from the date of selling,etc. short selling is done when the price of a stock has gone up substantially and you expect it to fall down from thereon. this happens because when the price goes up many people like you come out to sell thus creating more supply then the demand causing the price of the stock to go down. now when the stock goes down many people like you who had gone short earlier look to cover their position thus now creating more demand than supply. also in the stock markets there are people who are ready to buy and sell at every price because someone would find value at that price. You can't really argue as to why would someone like to buy or sell at a particular price coz its a relative concept and depends on person to person. some may find a stock value buy even at 1000 whereas according to you it might not be worth more than 900. Ans as buyers and sellers exist at all levels your stock is bought and sold at all levels.
2689
Hire purchase (HP) is the legal term for a conditional sale contract developed in the UK, and now found in India, Australia, New Zealand, and other states which have adopted the English law concept. In cases where a buyer cannot afford to pay the asked price as a lump sum but can afford to pay a percentage as a deposit, the contract allows the buyer to hire the goods for a monthly rent. When a sum equal to the original full price plus interest has been paid in equal installments.\n\n\n\nA lease or tenancy is an interest in personal property or real property given by a lessor to another person (usually called the lessee or tenant) for a fixed period of time, and the lessee obtains exclusive possession of the property in return for paying the lessor a fixed or determinable consideration.\n\nIn law, there are two types of property:\n\nReal property is land or any permanent feature or structure above or below the surface. Ownership of land is an aspect of the system of real property or realty in common law systems (immovables in civil law systems and Conflict of Laws). \nAll other property is considered personal property or personalty in common law systems (movables in civil law and Conflict of Laws), and this property is either tangible or intangible, i.e. it is either physical property that can be touched like a computer, or it is an enforceable right like a patent or other form of intellectual property. \nThere are three separate levels of rights or interests affecting both forms of property. In descending order of importance they are:\n\nownership, \npossession or \ncontrol and use. \nThe legal documents that transfer these rights are respectively: conveyance/transfer, lease/tenancy, and bailment/pledge for tangible personalty, assignments and licenses for intangibles.
155341
The cheapest land would be vacant land or foreclosed land - check with realtors in the area you'd like. The government auctions off this type of land.  \nHere's an online auction place:http://www.land-upforauction.com/