Review this short sale deal (overview)

[Account Closed]

House is 3/2/2 in a high demand school district. Ive got it under contract and have started the owners doing short sale paperwork
needs minor repairs including fence and sprinkler system, carpet and paint.

Seller only owes $120K but has 3 leins, see below
comps vary by wide margin - 105K - 179K or more
only 2 or 3 foreclosures within 2 miles
tax lien of $9K
child support lien $3K
financial name lien (another bank) $5K

[James Ward]

Here is my opinion:

1) Add $9K tax lien on side of seller to pay. Subtract this amount from the $ amount the lender will net. Also- get the property owner to attempt to file and get this lowered.
2)Add $3K child support lien on side of seller to pay. Subtract this amount from the $ amount the lender will net. Sorry- but do not try to get this lowered. IT IS OWED TO A CHILD!
3)Add $5K other lien on side of seller to pay. Subtract this amount from the $ amount the lender will net. You have to get this either wiped off or lowered. Offer this other bank $100 to release lien.

Your offers should be very LOW!

Hope this helps,
James