Should I Take This Deal On?

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Here is the scenerio:
Home is in Socal

asis FMV:$545,000

home in default
1st: 496,000
2nd:124,000

What are my options here:
1)offer 10,000 take position of 2nd,then short or subto the 1st?

What you try to take on this possible deal or is it too much to put together for a pofit?

THANK YOU IN ADVANCE.

Comments(0)

  • joeyb8th December, 2006
    0
    Reply

    Thanks for the quick reply mcole,

    I will just let this one go and save the possible headaches and not try to queeze this one out.

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