foreclosures and short sales, short sale foreclosure

Many investors with ready capital are looking at current real estate markets and asking, can you profit by in the current climate by buying foreclosures and short sales? The short answer is yes, but you have to know the best way to buy a short sale home and you have to be able to navigate through the dense and sometimes confusing welter of FHA rules, HUD rules, and any laws specific to real estate transactions in your state or county. Now if you're looking at buying a short sale foreclosure property you could be thinking that you're getting a great deal. However, you need to go into any transaction with your head on straight. The seller may be motivated to do the short sale, but the seller is not the person who has the final say. All short sale foreclosure sales must be approved by the lender. Any deal you cut will be at the lender's discretion and there's no way to guarantee what will happen. So it's all well and good to think that you're going to make a killing on foreclosures and short sales, but the real estate world is a real minefield these days, so tread carefully, my friends. The path to a personal fortune is paved with landmines!