By Dwan Bent Twyford

It is virtually impossible to complete a successful short sale without dealing with the loss mitigation department at the bank. So, how does one deal with loss mitigation successfully?  Hopefully I can shed some light on that today.

The spices and seasonings of the gourmet real estate investor Emeril can’t figure out where he made his mistake.  He thought he was getting a great deal when he bought a house and got a 10% discount.  However, he barely turned a profit on his investment.

It amazes me every time investors are slammed as a whole when one bad apple does something wrong.  The media can interview one scammed homeowner on television or write one sad story in print, and the result is that all investors suffer.

One of the most overlooked and underestimated expenses involved in the purchase of a home is the cost of repairs. Whether the problem is a defective part in an appliance, a structural problem overlooked by the home inspector or just Murphy’s Law making its presence felt, it’s rarely the case that someone can buy a property and move in without spending at least a few dollars to fix, repair or replace something.