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Updated almost 3 years ago on . Most recent reply

John Grover's profile image
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John Grover
  • from Saratoga Springs, NY
  • Member since Jan 14, 2018
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John Grover's profile image
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John Grover
  • from Saratoga Springs, NY
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John Grover
  • Saratoga Springs, NY
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General Real Estate Investing

Negotiating Settlement then Buying

John Grover
  • Saratoga Springs, NY
Posted

Targeting a property that will go to auction soon but have current owner engaged in allowing me to negotiate with his lenders to try to settle these debts then purchase the property.  I do not believe I want to pursue a short sale due to how long it will take.  Any suggestion as to how I can structure a deal where I negotiate settlements on behalf of the current owner then purchase the property?     

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Wayne Brooks's profile image
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Wayne Brooks
  • #1 Foreclosures Contributor
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  • from West Palm Beach, Florida
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Wayne Brooks's profile image
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Wayne Brooks
  • #1 Foreclosures Contributor
  • Real Estate Professional
  • from West Palm Beach, Florida
  • Member since Jul 27, 2012
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
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A short sale is the only way to get a reduced pay off, there are no short cuts.

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