First Pre-Foreclosure Deal

[Jeremy Harris Jr]

If I’m working a pre-foreclosure deal and a buyer wants the purchase the property under the amount owed on the property who ends up paying the remainder. I would assume the seller but what if he doesn’t have that. I’m new to this with my first deal and I feel so overwhelmed. My seller wants 175 for his home he owes 150k and is behind 4 payments the home is in great shape not much repair at all beautiful home. The buyer wants to pay 120 for it. I guess I’m trying to figure out to I send my seller the buyers offer will I still get paid anything I’m very confused

[Tre Coleman]

@Jeremy Harris Jr

This is just my opinion. It seems like both the seller and buyer are trying to play a numbers game with you. But in reality the seller needs you more than you think. No way they actually think that wanting nearly 25 grand more than what he owes will happen. And your buyer is trying to low ball the home which any buyer would do. How much is the house really worth?. All that would play a big factor in the final price. But in reality you would really have to play with the number the buyer gives you to really give yourself an estimate on how much you would take out of the deal. You make some valid points on why the seller should come down on what they asking for and go from there.