I Need Help Structuring a Short Sale Offer

[Paul Huntley]

I wanted to know the best way to structure an offer to the bank (before the BPO is ordered) for a Short Sale. Here is an example:

1st loan balance: $600,000 (Bank of Amer.)
2nd loan balance: $200,000 (Wells Fargo)
IRS lien: $10,000
Repair cost estimate: $10,000
Market Value of property (based on Comps): $530,000

My goal is to structure a back-to-back closing between the seller, me, and an end buyer.

In this example, my end buyer is willing to buy the property for $500,000.

What would be the best way to structure an offer that the bank will accept to ensure that I make a decent profit. My total anticipated closing costs would be 15% of the purchase price.

Any help would be appreciated