SUBJECT TO SITUATION- ANY MORE WAYS?

[Asher Carr]

Hey everyone,

I have a lead that is looking to sell their home for $126K. They told me that they have $123K mortgage on the home and know they won't make money on it. I presented a cash offer and 'subject to' and explained the 'sub to' to them.

They are not interested in sub to and asked if I wanted to buy the property for what they owned on it?

I was thinking of writing this one off and move on to my other leads but I wanted to make sure if there was anything else I could do. It's a simple solution to a distressed homeownwer, but it seems like there isnt another way unless they are willing to do 'sub to'. Any thoughts? Thanks. 

[Brett Goldsmith]

Short sale or no go. No point to buy an underwater home...