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Updated about 12 years ago, 09/10/2012

User Stats

60
Posts
17
Votes
Keith Saunders
  • Real Estate Investor
  • Pittsburgh, PA
17
Votes |
60
Posts

Probate Deal, need some advice

Keith Saunders
  • Real Estate Investor
  • Pittsburgh, PA
Posted

I have been trying to suppliment my wholesaling by sending out probate letters in addition to my yellow letter campaign. I finally got a call back from one of my probate letters but the the situation is less than ideal.

The home is worth about $100k ARV. or about $80k as-is. The problem is there is a loan against the home of approx $68K principle only. The buyout with be higher. I suggested a short sale but the executrix didn't want to do that.

Is there any other way to make a deal out of this other than a Short sale?

I was thinking maybe a lease option but I don't have the money to do it myself.

My next thought was a sandwich lease option.

Keep in mind I have no money, but do have a large buyers list of actual buyers.

What are your thoughts?

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