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Updated over 5 years ago on . Most recent reply

User Stats

9
Posts
2
Votes
Gabe Moton
  • Specialist
  • Tampa, FL
2
Votes |
9
Posts

Preforeclosure Lead With No Equity, Auction 10 Days - Strategies?

Gabe Moton
  • Specialist
  • Tampa, FL
Posted

Hey Guys, 

Here's the situation:

Couple divorced 3 years ago. She kept the home but ex-husband wasn't paying Hoa fees. They added up, she was unaware, now she can't afford to pay it. She owes HOA $30k therefore they're foreclosing the property. She owes 200k on mortgage. ARV is about 220k. The property also needs some repairs. I want to continue building my knowledge of different strategies.

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