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.
sounds like a decent sub 2 (even with the $7K to reinstate). are there any other liens?