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Updated over 7 years ago on . Most recent reply
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Advice on talking points or script for seller
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
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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?