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Updated over 8 years ago,

User Stats

20
Posts
4
Votes
Lily Ardila
  • Realtor
  • Silver Spring, MD
4
Votes |
20
Posts

Great Short sale deal, what can i do??

Lily Ardila
  • Realtor
  • Silver Spring, MD
Posted

Hi all Again!

Theres a great deal in my area listed for 190k as a short sale and comps for traditional sales are 300-350K. We saw the house, the main floor is in great condition. But in the disclosures, it says the house "likely has mold and water" so if anything repairs cannot be higher than 10K. 

So my question here is: what are the different creative financing methods i could possibly apply in this scenario? Aside from purchasing it with a hard money lender since it most likely it won't qualify for a regular bank loan due to the loan...

Any suggestions you may have are soon greatly appreciated! Thanks you guys!

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