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With foreclosures exploding everywhere, many Americans are dealing with the fact that they bought houses they just
couldn’t afford. Few things are worse than losing your home. Anyone who has experienced foreclosure will telly you that
it is an absolute nightmare The banks have it difficult as well. They have to remove these big pricey houses off their records. If they don’t, they pay for the foreclosure process, opening costs and attorney’s fees. Foreclosing is not fun for anyone.

But today I want to show you a little tip on how to earn cash on short sales that would usually be passed over by the banks. And believe me this happens all the time. Its something called the “Deed in Lieu.” What you may not be aware of is that many banks will actually accept the deed for a house as a settlement for what the borrower owes.

So banks will quite often accept the deed so they won’t have to pay for the foreclosure process and attorney’s fees and opening costs etc. (You can usually get between $1000-3500 per deed!)

So what does that mean for you? A lot of investors stay away from short sales, claiming they are too difficult to make
money with. These are the uneducated investors who are not familiar with the Deed in Lieu. You can actually profit from
EVERY single short sale deal that comes your way when you understand how the Deed in Lieu process works. (Even the
deals that most people would typically pass up as being unprofitable).

Its a win/win because if its a awesome deal you make a huge payday on the short sale. If its not, then you can usually get at least $1000-$3500 per deal using this Deed In Lieu. Few people know of this wholesale real estate marketing tactic and those that educate themselves will reap the rewards.

For more great marketing tips for your wholesale real estate business, visit Wholesale Real Estate, then visit Michael Kimble’s blog for videos, atWholesale Real Estate blog.