Everett WA forclosure notice on a home I have been flipping, help

[Danny Guerrero]

Hello,

I unfortunatley started a flipping project going on 2 years and the lender has now started the foreclosure process. This is under an LLC and through a hard money lender.

I finished most of the home's interior and the outside of the home has stopped due a bad contractor and he left the house half done before completely abandoning the work. The city has stopped the work and I have been stuck like this for about 6 months. Been through many contractors each one leaving the house as its becoming a pain to deal with the city. I am now stuck in this mess as I don't know what to do, either continue working on the house, or letting it go. I am completely overwhelmed.

The loan amount was for $170k and the house is worth around 325-350k. It would be such a shame to leave that as is and lose everything I have done to the home. Any advice right now would be greatly appreciated.

Danny

[Jay Hinrichs]

sounds like your ballon payment on a short term HML is due.. if they actually filed an NOD dont worry your going to get tons of investors coming to you to try to snag the deal.. but keep in mind most of them are not interested in your getting the most out of the deal.. they are only interested in them getting the most out of the deal.

List on MLS will get you the most 97% of the time.