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Real Estate News Releases
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(EMAILWIRE.COM, April 07, 2010 ) Cleveland, OH – Transactional lender, Jodie Funke, specializes in helping distressed real estate investors close short sale deals. The market is flooded with pre-foreclosed properties, creating a demand for transactional lenders for short sale closings. This has opened the door to real estate scams and mortgage fraud; therefore, mortgage guidelines have tightened and real estate closings have become more complex. This has put a lot of pressure on home buyers, sellers, real estate investors and mortgage brokers. Closings that involve buying a home at retail with with a conventional mortgage are very rare today.
This is why there are so many vacant homes in urban and suburban neighborhoods today. Boarded up homes are creating eye-sores in nice areas as they fall into disrepair or are condemned by the city or township. Meanwhile, people are jobless and homeless as things just continue to get worse.
Real estate investors looking for wholesale deals to resell for a profit are becoming frustrated with the strict rules and guidelines that are in place. Many investors would love to buy, fix and sell these empty homes, but lack of funding has made it difficult if not impossible.
Savvy real estate investors are working with lenders and distressed homeowners by negotiating short sales, which benefit all parties involved. The lender avoids the lengthy, costly foreclosure process by agreeing to accept less than he is owed on the mortgage. The homeowner benefits by reducing the amount of damage done to their credit by avoiding foreclosure and meeting a large part of their obligation to the lender. The end buyer gets a great deal and the real estate investor makes a profit too.
Unfortunately, funding is a road-block many investors face when working with short sales. The easiest way to succeed is to have cash to buy the property in order to sell it to the end buyer. Conventional mortgages are for retail homebuyers who are purchasing a home for their primary residence. Investment mortgages are nearly impossible to obtain today and they are not practical for funding short sales.
Jodi Funke is a transactional lender who understands this dilemma. “Lack of funds is the number one reason most real estate investors cannot close a short sale deal,” said Jodi. “We provide one-day funding for the investor to buy the property and our nationwide team of closing professionals, attorneys and title companies are experienced in doing back-to-back transactions so the investor can fund the deal and resell the property the same day. It’s a win-win deal for all parties involved.” Learn more about wholesale funding at http://www.cashforshortsales.com
Contact:
Jodi Funke, Transactional Lender
Cash for Short Sales
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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