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Updated about 12 years ago, 09/10/2012
Probate Deal, need some advice
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?