Need Advice Very Newbie
So, again, what're the facts here? Does she want 82.9k? 75k? 70k? I'm not sure what you can do creatively here, but if it's smaller than most of the other condo's, then unless it's decorated nicer, it's going to sell for less than most of them, putting it's value down in the lower section of values. So, unless you can get her to do a Sub 2, or owner finance, or something along them lines, then I don't see a good deal here...
I think that this particular Forum is devoted to muni tax lien/tax sale investing.
If the Seller owes $75,000, and she is willing to sell it for $70,000, will be be expecting you to facilitate a mortgagee approved, preforeclosure short sale, or, will she lay out the $5,000 plus closing costs out of pocket?
If that's the case, try posting this on TCI's Short Sale Forum.
[addsig]
Thanks, (sorry about the post i did not know where it was posting) the seller will put in 5K. i was hoping I could figure out something to do to get this place.
Thanks for your advice i will move the post.
bob