Do you think loss mitigagtion will accept short sale
A lady going into foreclosure contacted me.
Appraised value: 200,000
Owes: 127,000
Should I even try to do a shortsale with the lender or is there too much equity already that they'll laugh at me? She has agreed to sell it to me for 139,000 by the way.
heeranyi,
Glad to meet you.
Sounds like you already have short sale, from the price you can pick up the property for.
Let them laugh, laugh back at them all the way to the bank when you are the one that can gets a great deal, but by all means give them something to laugh at, besides crying they won't get the house back with all that equity in it.
John $Cash$ Locke