Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Foreclosures
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 1 year ago,

Account Closed
  • Minneapolis, MN
12
Votes |
691
Posts

Short Sale objections

Account Closed
  • Minneapolis, MN
Posted

Hello,
Some of my pre foreclosure owners are perfect candidates for a short sale, (1st and second notes are about equal to the market value, or are upside down) but they have basically given up on homeownership, and are planning to walk away from the home. They have accepted that their credit is trashed, and think that a foreclosure will not make it any worse, or it does, they don't care anymore. I tell them that a foreclosure is worse than BK on your record. So, they do not see the point in assisting me with the short sale, and I can't do much without their help. And I can't legally offer them money as an inducement. Does anyone have any words of wisdom to counter these depressing objections? Thanks for any help, Mike :violin:

Loading replies...