If you're a preforeclosure financier, with the tightening credit markets, you have any doubt noticed how much tougher it is today to close short sale deals. During the past, masses of hard cash options, along with double closings and simultaneous closings made closing short sales a breeze. However, with the credit crunch, mortgage fraud, and tighter limitations with lenders and title companies, closing short sales isn't as simple as it used to be.

However, there is still one extremely simple and simple way to close your short sale transactions without double closings, hard cash, concurrent closings, or even the over complex land trusts.

That strategy is using back-to-back closings to get all your short sale deals closed and financed punctually. Back to back closings take a short sale deal and make it into 2 separate and distinct transactions. The first exchange is the home-owner facing foreclosure selling to the preforeclosure investor. The second exchange is the estate investor then selling the property to the end retail buyer.

So where do you get this funding of your deals? This is often called transactional funding, and today, there are several banks making these types of loans. Lenders love transactional funding, because they are only lending for a period of some hours.

With the end buyer's loan already authorized and in place, two separate and distinct transactions take place on the closing day. The first is the investor purchasing the short sale deal from the distressed homeowner. This is sponsored by the transactional funding company.

The end buyer is using funds got by him through a standard loan, or money. The sole such exception are FHA loans, which at the time of writing this article, have a 90 day seasoning obligation.

Transactional funding is the perfect way for preforeclosure financiers to fund their short sale deals in today's foreclosure ridden market.

He will show you how to get guaranteed transaction funding with no cash or credit needed. Do you need a proof of funds letter? Learn about Proof Of Funds and check out http://www.WeProvideTheFunds.com
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