How do I shortsale a great home?
ForeclosureInvesting
I'm trying to shortsale a home that's in great condition. The homeowners lost their jobs and are 6 months late on the payments and are in foreclosure. The house was built in 2001 and looks great, so how do I go about talking to the bank and asking them for a shortsale? The home is worth about 200K and the owners owe $195K on it.
What justification can I give the bank to sell me a great home way below market price?
Can someone offer me some advice?
Thanks!