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Updated almost 14 years ago,
Can I do anything with this request from seller?
A seller called me on one of my We Buy Houses signs. Here are the quick details:
Owes $170k (1 mortgage)
Worth $25k-$30k
3 months behind, no NOD yet, $770/mth
Her mom, who co-owned the home with her, passed. She called me hoping I could just give her $2k to help with her move. She is going to walk away in 3 weeks, regardless.
She implied that she knows of this taking place. I'm still fairly new to wholeslaing and only deal with properties with equity. I refer the others. Can someone explain what the seller is expecting--what strategy is this that investors are using?? Is it reccommended?