Foreclosures
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 6 years ago,
Is there anything else that I can do on my end?
Hi All-
I have a motivated seller, executor of an estate who’s mom passed away about 8 years ago and this property is a headache.
There’s a judgement for $280K from a reverse mortgage that the lady should not have been able to sign according to her son. Her Dr. diagnosed her with alzheimers a year prior to signing.
The house Is only only valued at $160-$205 (range from various sites)
Zillow estimates Foreclosure Estimate: $82,006.
I did my research, found out all the parties involved. I reached out to the lawyer representing the plaintiff (the house has not foreclosed yet, the estate still owns it but it is scheduled for auction in 2 weeks)
The lawyer of coarse could not disclose a payoff amount to me so I called the executor and told him what to ask the lawyers. So far he’s game.
The guy wants this headache gone, I just need that “magical #”
My question is... is there anything else that I can do on my end to find out the payoff amount?