What questions should I ask before making an offer on a short sale?

Question: What questions should I ask before making an offer on a short sale?

Answer: - I hope I understand your question… You want to ask as many questions as you can to help you identify what the property is worth and their motivation. I like to start out with some basic questions to get a feel for the property, then ask additional questions when I show up to the property. Here are some you can start with.

1. Are you the owner?
2. What’s the house worth?
3. How did you get to that price?
4. What do you owe on the home?
5. How many payments are you behind?
6. Have you received a NOD?
7. Has the lender set an auction date?
8. What do you want from your home?
9. What’s the address of the property?

Now go verify the information they gave you and see what it’s worth to you.

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