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Updated about 4 years ago on . Most recent reply

Christina Avila's profile image
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Christina Avila
  • Member since Nov 6, 2020
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Christina Avila's profile image
Christina Avila's profile image
Christina Avila
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Christina Avila
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Foreclosures

Question about lead/short sale.

Christina Avila
Posted

We have a lead that has a reverse mortgage (owner elderly woman passed away in December 2020) with an estimated unpaid balance of -$298,000. The property is valued at $215,000 with comps at $224,000. House is 2 bd 1 bath with $1,188. 

Is this a lead worth pursing? If so, what should we consider and any other advice would be appreciated. 

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