What Do I Offer?
this is my first short sale attempt. any help analyzing the deal would be appreciated.
here is the situation: the couple is in bankruptcy and i am waiting for a release order from the court before Chase will accept an application for SS. the property is worth 115-120k. the repairs needed on the property are superficial. principle payoff is 81k and total payoff with past interest, legal fees, etc. is 104k. Chase requires the property to be listed with an agent. is there a rule of thumb? what in your mind is a realistic offer to make?
i have another SS possibility with Cendant - anyone have any experience with them?
Thanks for your help.
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