Beauty is in the eye of the beholder. And investors.
REO’s and Short Sales will continue in the foreseeable future as a tremendous source for people seeking potential investment opportunities. CMC is tailored to pursue these listings and present them as needed to our investor clients. However, not all REOs and Short Sales are profitable. Ideally, homes that are in disrepair or dilapidated, will pencil for a fix-n-flip. The rational is they frequently require an excessive amount of work to qualify for traditional financing (i.e. FHA, Fannie Mae, Freddie Mac, & VA) and in addition; the sellers are unwilling or unable to spend the money. They require an eye for marketability and up-front cash for repairs. Teaming up with CMC allows you to obtain initial access to these homes before they hit the market and the general public. CMC is currently sourcing these opportunities.