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Updated almost 12 years ago on . Most recent reply

User Stats

19
Posts
1
Votes
Daniel Barden
  • West Bloomfield, MI
1
Votes |
19
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Is there anything i can do with this?

Daniel Barden
  • West Bloomfield, MI
Posted

Here is the situation. The lady was forclosed on and had a lawsuit with fannie may, she lost the lawsuit and came to an agreement to purchase her home back for $166000. She needs a short term lender to come up with a down payment by monday and then has a month to come up with the rest of the amount (150000) so she can buy it back and sell it to the new buyer.She has a purchase agreement with a buyer to buy the house for $221000 already. Is there anything i can do to help her achieve this. She dose not want to lose all of her equity ($55000) she has but understands she wont get it all back. What to do? Or just pass?

Most Popular Reply

User Stats

22,059
Posts
14,127
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Jon Holdman
  • Rental Property Investor
  • Mercer Island, WA
14,127
Votes |
22,059
Posts
Jon Holdman
  • Rental Property Investor
  • Mercer Island, WA
ModeratorReplied

Why did she contact you? She has a buyer, so finding a buyer isn't necessary. Is she looking to you for a loan or for help getting a loan? Help in the mechanics of closing the deal? More generally, what value do you add to the situation? Find your value, and you'll find your path to getting paid.

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