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Updated over 7 years ago on . Most recent reply

User Stats

162
Posts
45
Votes
Raymond Hill
  • Realtor
  • Pawtucket, RI
45
Votes |
162
Posts

Advice on talking points or script for seller

Raymond Hill
  • Realtor
  • Pawtucket, RI
Posted

Hello Everyone,

I am meeting with a seller for the first time to talk about her options to avoid foreclosure. To be honest its my first appointment as an investor with my LLC. I want to know some tips during this emotional time for the seller. She doesn't have ANY EQUITY and hasn't paid the mortgage since 2012, the person also has a lis pendent on the home as well that is up in the air at this point. She has two mortgages on the home 1st = 190k 2nd = 64k with ARV of about 270k-290k. I know I know this is a long shot, at the same time I want to get better at presenting info and exhaust all possibilities to do my best to help.

Please Advise,

Ray

Most Popular Reply

User Stats

957
Posts
740
Votes
Braden Smith
  • Investor
  • New Orleans, LA
740
Votes |
957
Posts
Braden Smith
  • Investor
  • New Orleans, LA
Replied

If she owes 254k and the ARV is 270-290k that doesn't leave much room for rehab costs. How much work does the property need?

  • Braden Smith
  • Loading replies...