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Updated over 7 years ago on . Most recent reply

User Stats

37
Posts
3
Votes
Tori Smith
  • Accountant
  • Aurora, CO
3
Votes |
37
Posts

Can you seller finance a home in pre-foreclosure?

Tori Smith
  • Accountant
  • Aurora, CO
Posted
Hello All, I have a property I am trying to get rid of. The home is currently in a pre-foreclosure status. The home will foreclose in a month if I do not find a cash buyer. I have tried listing it on the mls, no luck since it is an unfinished project. I have also tried using a wholesaler. Again no luck, the pay off balance is too high for an investor to make a profit. Lastly, The lender also is not willing to extend the terms of the hard money loan. Can you please help me think of a solution? Thanks, Tori

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