Dream home needs cash to close by Dec 30th. What are my options?

[Travis Bryant]

Hello BP! I'm a newbie Realtor in Salt Lake City and I'm hoping to get some insight on short notice. Window shopping through my dream neighborhood I found a house in a great location and in the style my wife always points out. Remarks read "LAST CHANCE BEFORE HOME GOES TO FORECLOSURE. MUST CLOSE BY THE 30TH. CASH ONLY." I'm still new but my CMA's show its worth $390000-$450000 and its selling for $310000 as a short sale. With no built connections what are my options for cash purchase by the 30th?

[Cherie Orellana]

@Travis Bryant i just found the listing. Don’t be discouraged! From what I can tell $310,000 may have been a previously approved price. Call the agent and find out how many banks are involved. I have a hard money connection but he typically needs 20% down and finances the rest. I would contact Paul Margetts with peoples mortgage. Tell him Cherie told you to call. Tell him the situation and he is the best at making things happen. If there’s a way he will figure it out for you. He has referred me to the hard money lender multiple times before as well. You are welcome to call or text if you have any questions.