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Updated over 9 years ago,
Potential Great Deal but Involves Drug Charges
I found a very motivated seller that inherited a home last year and needs to sell asap. She doesn't want the home anymore and is willing to give it away at a great price. She says she needs $6,000 in the next 20 days to put as a down payment for her attorney to fight charges of possession of cocaine. She says it was her friends cocaine when they got stopped by the police.
Should I forward the deposit straight to the attorney and if so what other stipulations can I put in the contract to make sure I'm protected and can still purchase the home at a great price?
The numbers look like this: ARV of $160,000 in one of the best school districts. Purchase price $60,000 with a $40,000 renovation.
Thank you for your insight!