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Real Estate News Releases
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(EMAILWIRE.COM, April 07, 2010 ) Portland, OR –Short sale funding for back-to-back closings are no problem for transactional lender, Jodi Funke, of Oroton Equities. FHA guidelines and seasoning issues often stand in the way of successful short sale transactions. The required short sale funding for back-to-back closings can be difficult for real estate investors to obtain.
Real estate investors who work with pre-foreclosures and short sales have become frustrated due to how difficult it is to close short sales and make a profit. With the wide selection of vacant property being sold for pennies pennies on the dollar it should be pretty easy to make a living. But with the mortgage melt-down comes the credit crunch, mortgage fraud and tighter restrictions with lenders and title companies.
Real estate investors who take action and master the difficult process of negotiating short sales provide a great service to distressed homeowners and lenders. By purchasing the property with a short sale and selling it for a profit, the home remains occupied and cared for rather than becoming an eye-sore in a nice neighborhood.
Unfortunately, strict mortgage guidelines have made it difficult to close short sale transactions. Mortgages for investors are difficult if not impossible to obtain. Investors must have cash to buy the properties. If they are unable resell them quickly, their money is tied up in the asset, preventing them from buying another property until the first one is sold. For this reason investors need to have a qualified buyer who is ready and willing to purchase the property right away.
FHA guidelines and 90-day seasoning requirements are common road-blocks for short sale investors. Jodi Funke is a transactional lender who provides the funding for investors who have an end buyer. Her company includes a nationwide team of title companies who are experienced with back-to-back closings for investors who work with short sales. “Not all title companies are willing to handle this type of transaction,” said Jodi. “Investors must have access to a title company with the knowledge and experience to perform these closings legally and ethically.” Visit http://ww.cashforshortsales.com to learn more.
Contact:
Jodi Funke, Transactional Lender
Oroton Equities
7657 Mall Rd
Florence, KY 41042
859-594-4357
info@cashforshortsales.com
This press release was submitted by Right Now Marketing Group, LLC
Oroton Equities
Jodi Funke
859-594-4357
info@cashforshortsales.com 
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