Then the next phase would be to do a short sale, correct?
Here is my problem, i am like many here, have bad credit and not much/no money.
The only way i feel i can make money in today's market is assigning contracts. Now i have my RE Attorney, RE agent but i just can do this cause so many people have negative equity on their properties. I can't assign to investors with negative equity. The amount of negative equity is way more than what the house is worth where I'm at.
Now i know i could do a short sale and then lease out the property back to the original owners but my credit won't allow me to do that!
I'm so angry at myself for messing up my credit at such a young age. Makes me wish i could turn back the clock.
Can anyone tell me where to go next? What can i do? I'm beginning to lose some hope.
"Whenever you find yourself on the side of the majority it is time to pause and reflect."