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Updated almost 9 years ago,

Sjalin Lathan-Sims's profile image
Sjalin Lathan-Sims's profile image
Sjalin Lathan-Sims
  • Investor
  • from Seattle, Washington
  • Member since Jun 29, 2015
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42
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2
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Sjalin Lathan-Sims's profile image
Sjalin Lathan-Sims's profile image
Sjalin Lathan-Sims
  • Investor
  • from Seattle, Washington
  • Member since Jun 29, 2015
Connect
Sjalin Lathan-Sims
  • Investor
  • Seattle, WA
2
Votes |
42
Posts
Wholesaling

Wholesaling a pre-foreclosure

Sjalin Lathan-Sims
  • Investor
  • Seattle, WA
Posted

I have a seller who is super motivated to sell. In need of some repairs! His house is listed for 175k. And Owes 120k on his mortgage. He is in pre-forclosure. Does this home have enough equity (about 150k). Market value is about 270k. If he sells the house for  what he owes. Will he get a profit, will i, and will my end buyer?  Please help

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