Deal or No Deal ? Short Sale Approved

[Terrell Sapp]

"(( SINGLE FAMILY DUPLEX )) set up as a 2 family in Mt Vernon, NY

1st floor:

1 bedroom, kitchen, living room and full bath.

2nd & 3rd Floor duplex:

2nd floor: livingroom, large kitchen/dining combo, office space

3rd floor: 3 bedroom with full bath.

Taxes are $11,258 but could be grieved. I think it's being taxed at a higher amount. The values in that are currently are between $300k & $350k

$250k all cash to take this property now."

Correct me if I'm wrong: Mortgage would be roughly $3,000? ( isn't the mortgage 1 percent of the value?)

Whether good or bad, can you please elaborate. This is a deal someone has already under contract, I'm not sure of the short sale process.