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Updated over 9 years ago,

User Stats

296
Posts
175
Votes
Stephen Hundley
  • Realtor
  • Lafayette, LA
175
Votes |
296
Posts

Potential Great Deal but Involves Drug Charges

Stephen Hundley
  • Realtor
  • Lafayette, LA
Posted

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!

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