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Updated over 8 years ago,
Friend going through divorce, How to Convince wife to sell
Hello BP,
Here is the situation :
My Friend is going through a divorce. He and his wife owe 40K on the property. The property ARV is around 200K. she lives in the property and he has moved out a while ago. She has not paid the association or the mortgage in a few months. The Bank is threatening to foreclose. He would like to sell the property to me under market value since it needs lots of repairs.
My question is:
How to convince wife to sell property to me under market value. Husband is on board now wife needs convincing.
Any ideas?