pre forclosure????? any help or info appreciated
i recently made an offer on a house listed in MLS. in the process i've learned that the sellers are 5k (5 months) behind in mortgage payments, and do not have funds to close. someone told me of the possibility of a short sale, and i am trying to gather info. i am new to this so please pardon my lack of knowledge. this is my situation - the house was purchased 3 years ago for 135k, and has balance of apprx. 132,600. home sales in the area range from 120k to 140k. i am buying this house for my residence. how should i proceed, and what is the resulting process. what offer amount is expected by the lender. i hope i've given enough info, and any help or advice is appreciated
I work with Realtors, real estate brokers, and their agents across the USA with their problem listings requiring short sales. Have your Realtor, broker, or Seller contact me via e-mail. Maybe I can help facilitate the transaction.
TheShortSalePro@foreclosurefocusNJ.com