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Updated over 5 years ago on . Most recent reply

Account Closed
  • Rental Property Investor
  • Yuma, AZ
45
Votes |
637
Posts

Seller behind on payments

Account Closed
  • Rental Property Investor
  • Yuma, AZ
Posted

A seller told me he hasnt paid for 9 months.

His payments are 850. That would be 7,650, But what about penalties, taxes, attorneys, etc etc. How can I know exactly how much I’d have to pay in order to get the seller out of foreclosure?

Most Popular Reply

User Stats

70
Posts
33
Votes
Tony Hightower
  • Rental Property Investor
  • Clarksville, Tenn
33
Votes |
70
Posts
Tony Hightower
  • Rental Property Investor
  • Clarksville, Tenn
Replied

@Fili Aguirre you don't need to get them out of foreclosure. Write a contract, take to title company and have their attorney call and tell mortgage company you have a contract and get to hold foreclosure so you can close.

"I am not a lawyer and this is not legal advice." Just what I would do.

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