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Updated almost 3 years ago on . Most recent reply

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11
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3
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Ramona F.
3
Votes |
11
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Heir Property and 5 of 6 want to sell…preforeclosure??

Ramona F.
Posted

Help!  I’m a newbie..no deals yet…but I came across a family that lost their mother a few years ago.  There are 6 children and 1 still lives in property and doesn’t want to sell.  Taxes paid up, 3 months behind and they are wanting to sell and move on?   Family says if the one sibling won’t leave… they will let it go into foreclosure and they will lose all together.   Is this a lead ?  

Most Popular Reply

User Stats

488
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186
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Bob Reinhard
  • Lender
  • Patterson, NY
186
Votes |
488
Posts
Bob Reinhard
  • Lender
  • Patterson, NY
Replied
Greetings.
Everything is a lead, the opportunity exists.  The solution lies in how to get the occupant, who enjoys the (free?) benefit of living in the house, to want to leave.
Without having motivated sellers, it is not likely to succeed.
Explore all the facts. Maybe he needs cash to leave if $ is an issue. Your job is to find the motivation.
Much success.
Bob

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