Flying...by the seat of my pants...

Hi all, Well I've been studying in my few seconds a day about short sales and starting to study forclosures and one gets dropped in my lap!!! Here's the deal: **Jan 31st it's going to the auction; **listed with an agent that loves to SNATCH these for himself---he will manage to buy this for what is owed if I can't get the deal done; **Spanish speaking couple--my spanish is limited so I am looking for an interpreter here; **Property bot in May 2000 for 191k with 1% down--lns=1st 189,438 fha & 2nd 9550---20k behing in payments since Sept of 02; **ARV 275-290k (low-ave prices). **house is a mess--needs 15-20k fixins; looks like a short sale candidate if ever I saw one---which I haven't (or didn't know it if I did) :lol: Bill Twyford, you mentioned partnering on the deal--chpt 13 filing to hold off the foreclosure--and letting them stay in the prop for 30-60 days. I can't reach you today so I'm just winging it. ANYONE! Can I just give them half of what they've put into the prop which would be $20k and let them stay for 30 days or so? They aren't in denial about the bank taking their house but they still hope to sell it for a near normal price (thanks to the friendly snake oil agent). I guess you have to grow some pretty thick skin to do these deals---where's that bottle of skin-so-thick??? ANY input is much appreciated--going to go visit with them tonite with my poco espanol :-S Mel