Redemption Rights & Wholesaling

[Arin Hanohano]

So here's the deal.... I was contacted by a gentlemen who's company purchased the Redemption Rights of a 3 bed/2.5 bath SFH from the original borrower this week. He's looking to find a buyer for the house with the fees they charge for attaining the Redemption rights included in purchase price. Purchase price to redeem + fees is $287,000 and he says ARV is $345,000. He just sent me the information this morning and I emailed in reply saying that the sale price isn't quite what we need to make it worth our while. If in fact ARV is $345,000, our MPO would be $241,500 less any repair costs. I assume these guys could care less what the bank actually sells at, as long as they get their little commission for purchasing the rights. What I want to know is, is the only way to get the price point down to negotiate a short-sale with the bank and the original borrower? Or maybe if I can find a buyer looking for a buy-&-hold then just settle with the bank at their price and hope I can make a spread? Thanks guys.