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Updated over 16 years ago,
Short sale offer?? Can I get deals or not?
If a property owner is facing forclosure and can proove that they can not pay the mortgage payment. This would be ideal for a short sale right?
Lets say property owner X owes $78K pay off amount.
The house only appraises for $78K as well.
Does anyone have an idea of what the lender would be willing to accpet in a short sale.
The house will need all new paint and carpets to make rent ready.
Any ideas will be appreciated. Thanks.