Sub 2 Deal....Yay Or Nay
I received a phone call from a distressed seller concerning his father's property scheduled to be foreclosed on next month. Here are the figures Mortgage payoff $64,372 Reinstatement $7064 PITI $520 Tax Value $82,885 MV $95,000 Repairs $2500 Any suggestions would be helpful.
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sounds like a decent sub 2 (even with the $7K to reinstate). are there any other liens?