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Updated over 8 years ago on . Most recent reply

User Stats

5
Posts
2
Votes
Leovaris Perdomo
  • Real Estate Agent
  • Camden, NJ
2
Votes |
5
Posts

Probate. Deal or No Deal?

Leovaris Perdomo
  • Real Estate Agent
  • Camden, NJ
Posted
What's up BP, seeking out advice on a situation my business partner and I are currently in. We have a probate property under contract to wholesale which will end on the 7th. We found an end buyer but here lies the problem: We recently found out that there's a $60,000 judgment that has been placed by a nursing home on one of the administrators on behalf of their mother who passed. The house isn't worth the $60,000 and the attorney was contacted to negotiate but would not cooperate. What are our alternatives if there is any?

Most Popular Reply

User Stats

5
Posts
2
Votes
Leovaris Perdomo
  • Real Estate Agent
  • Camden, NJ
2
Votes |
5
Posts
Leovaris Perdomo
  • Real Estate Agent
  • Camden, NJ
Replied

Thanks for your response Rick H. Greatly appreciate it!

Funny thing you say that John Sangl .. I received a call today from the title company stating that the attorney called in today with a misunderstanding thinking that we were closing today (Thursday, 6/30). His fear of not proceeding with closing has led him to reveal some information about they're impatience which has led us to believe we can negotiate. *fingers crossed*

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