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Updated over 9 years ago,

Shawn Connors's profile image
Shawn Connors's profile image
Shawn Connors
  • from Downingtown, Pennsylvania
  • Member since Jun 13, 2015
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Shawn Connors's profile image
Shawn Connors's profile image
Shawn Connors
  • from Downingtown, Pennsylvania
  • Member since Jun 13, 2015
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Shawn Connors
  • Downingtown, PA
101
Votes |
1,000
Posts
Foreclosures

Short Sale Help

Shawn Connors
  • Downingtown, PA
Posted

Hey BP,

I just sent out some letters to pre-foreclosures and I have a feeling I will be dealing with a lot of these sellers.

Seller calls, wants to sell his house before its foreclosed on.  Wants to save his credit.  House is vacant.  Bought it for 65k.  Hasn't paid the mortgage in 6.5 years!!!! Owes the bank 172k.  Wants to do a short sale but I have no idea how to, nor do I want to being new to investing.  Can someone give me some guidance in this field?

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