7 days to Foreclosure

[Sylvia Harris]

Fellow Investors - Newbie asking advice . 

Owner needs 17k to stop foreclosure / ARV 120k / min 50k rehab / owner will sign lease for 2 years $1100 per month.

Can this be presented to a money lender? I ran the numbers -ROI potential 20%

[Steve Babiak]

Nothing in the post mentioned what the balance owed is - just the amount to stop the foreclosure which could just be the arrears.

My guess is that the monthly mortgage payment was less than the amount they proposed as rent; if they couldn't make that amount of payment while THEY owned it, what makes you think they will pay that every month when YOU own it?