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Updated almost 12 years ago on . Most recent reply
![Daniel Barden's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/137185/1621418789-avatar-marinevet.jpg?twic=v1/output=image/cover=128x128&v=2)
Is there anything i can do with this?
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
![Jon Holdman's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/67/1621345305-avatar-wheatie.jpg?twic=v1/output=image/cover=128x128&v=2)
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.