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Updated about 3 years ago on . Most recent reply
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I want to buy my neighbors Condo!
My neighbor is $5,500 in back taxes on her Condo
She is $40,000 behind on condo fees.
She paid 200k for it in 2008, and now they are selling for 182k
The Association has filed a lien on the property
What is the best and creative way to obtain the property?
Most Popular Reply
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Originally posted by @Fillip Nelson:
I'm wondering how do I convince her.
Every time I run the numbers I wonder what's in it for her.
$185k Value
$155,000 mortgage
$43,000 condo lein
$5,500 in taxes
-$68,000
I'm wondering what deal I can work out.
The bank and condo association don't care what is in it for her. She owes them money and isn't paying it, they just want their money back.