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Updated over 5 years ago on . Most recent reply

Account Closed
  • Rental Property Investor
  • Wichita, KS
33
Votes |
52
Posts

Need Short Sale Mentor - I have a deal

Account Closed
  • Rental Property Investor
  • Wichita, KS
Posted

Hello and thanks for reading!

I am located in Wichita, Kansas and I think we have a potential short sale opportunity

The seller has a very nice home that is worth $249k and she owes 165k. I believe she is 65k delinquent. She had gone into foreclosure on the property a couple years back but the judge somehow overruled it. I think that is why her back payments got so high.

Anyways , I have done flips and rentals but I am not educated in this area but I would like to partner with someone who has experience working with banks. I would feel so bad if the seller lost everything.

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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
13,508
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

This is not a short sale......the home value is more than the mtg. 

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