Need advise or opinions..

[Charmaine M.]

Hey Folks,

So I have a scenario I would like a bit of advise on. I looked @ a short sale today, asking $269K, SFH, 3/2..this is for my personal residence. I plan on going in with a 203k or another rehab loan.

After having a long talk with the agent who said he was working with the bank. A couple of red flags went off the more we talked.

1. He said the owner wants $10,000 under the table to close and I should NOT mention this to my lawyer and everything will close quickly . The owner is out of the country and will only come if he is guaranteed the money.

2. He is not the listing agent, so how is he saying he knows what the bank will take? He told me they will not take anything lower than $230-235K....which I can do, but  would rather make a lower offer to start with since I will be doing a rehab.

All or any advise is appreciated!!!