Question on Wholesaling Preforclosure Probate

[Account Closed]

SO i received a call from a seller from my letters that needs her property out of her hands by Aug 10th. is that too little time to make a wholesale deal work? Her asking price is a little too high in my opinion for this to work in 6 days. what are some motivations for her to hand it off to me at a deeper discount? or would this even work at all.. 

ARV 360k

Repairs 2-5k house looks pretty decent already possibly why they were trying to sell it through an agent too high for so long. 

She is ask $337k 

what shall my maximum offer be? or is this even worth it?

[Bill Gulley]

Seems what we have here is another local expert assuming all states are the same.

Derrick, IA is a "lien state" you will have a NLP.

CA and MO along with 23 other states are "title states" non-judicial, where title is vested with the lender and the owner retains the "bundle of sticks" of owners rights. 

2 copies of a Notice of Default are not a requirement everywhere, one is always required to be delivered to a borrower. 

In fact, in title states, there is no court filing, non-judicial foreclosure begins by the notice of foreclosure, publication, filing of the notice to foreclose. No LP to clear, the lender is already in title. 

What you experience in IA is unique to IA or perhaps other lien states, it is not in title states, so your assumptions are incorrect. Hang in there, you'll find too that CA is another world located on the West coast of this country.

K. Marie, Wayne and Rick are correct. Brian has a very good point as well.

I had a relative who was Dutch from IA, she just had to be right about everything, she even told me that a school I attended was never the name of that school when I went there! Loved her, but I sure try not to be like her. Good Luck :)