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Updated almost 6 years ago,
Help needed from wholesale gurus
Hi Wholesale Gurus,
I got a lead on a property through a friend where home owner is 60 days behind in mortgate payment. The property is worth about 250k but it needs some work. I am awaiting the estimates on the repair.
Here are the details:
-- Propery Worth about 250k
-- Loan = 190k
-- Hoa dues - 4k
-- Amount needed to bring the property current = 4k
So what should be maximum offer assuming repair is less than 10k. Also who should I hire to help me in this transaction. A real estate layer or a foreclosure attorney or what. Any recommendation Seattle/Tacoma area would be appreciated.
Thanks