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Updated over 10 years ago,

Account Closed
  • Real Estate Investor
  • boston, NH
32
Votes |
401
Posts

wholesaling short sales

Account Closed
  • Real Estate Investor
  • boston, NH
Posted

so i have a guy who really wants to get rid of his house because it is going underwater. he said he as 85k on his mortgage but comps run at 65k

hes been hanging onto it but owes more on mortage than house is worth

hes sole owner

2 bed

1.5 bath

900 sq ft

private septic

public water

no liens

Lot: 4,792 sqft

Single Family

Built in 1945

Heating: Forced air

Last sold: Sep 2005 for $105,000

should i try to wholesale this through a shortsale? how do i go about it? what is the process

thanks

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