Help Me Dope This One Out Please.

Comments(7)

• 
  myfrogger17th December, 2003

  Check out what is called a short sale. You'll find info about it on this site!

• 
  cpifer18th December, 2003

  This may end up beitng the shortest short in history! YAAAAAAA HOOOOOO
  
  C-

• 
  pejames19th December, 2003

  Wait for the tax sale and buy it for only taxes and the mortgage will go away. Check up on the laws for your area first. Sounds like a great deal.

• 
  cpifer19th December, 2003

  I am very familiar with what you are saying but our Sherriff's sale in Dallas and surrounding counties are a joke - too many tourists, not enough pro's. The tourists run up the prices to near retail - 80% or better.
  That's why we started our loss mitigation business so we could forego the auctions and beating sown these poor people's doors when the foreclosure list is published.
  
  Thanks for you input though
  
  C-

• 
  cpifer19th December, 2003

  Anyway - we are going to put a short contract on it tomorrow as the lender is pretty jiggy with it. Thanks gang - just needed some clear heads.
  
  C-

• 
  myfrogger19th December, 2003

  Awesome! GOOD LUCK and let us know how it goes!

• 
  richen26th December, 2003

  The idea of purchasing it at the tax sale is a great idea, of not for one important point---that it is usually illegal for an "interested party" to bid at the tax sale! So that rules it out in most states.
  
  Good luck!
  
  RC