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All Forum Posts by: Blake Denney

Blake Denney has started 1 posts and replied 2 times.

Foreclosures

Post: Potential Short Sale...Need Help!!!!

Blake DenneyPosted
  • Westmont, IL
  • Posts 2
  • Votes 0

@Marc Desrosiers

It’s a weird situation.  It is not currently a short sale. The owner does not live in the area(the house is vacant) but he is current on all mortgage payments/taxes.  The owner told me he owes $60k but house is only worth $40k the way it sits.  He made it sound like the bank didn’t want to do a Short Sale since he is continuing to make payments. Does this make any sense?

0 Votes
Foreclosures

Post: Potential Short Sale...Need Help!!!!

Blake DenneyPosted
  • Westmont, IL
  • Posts 2
  • Votes 0

Hi BP family.  I’m a new investor and have found a potential property that looks pretty good on paper.  The problem is the property is under water but the owners bank doesn’t seem to want to do a short sale. Has anyone ran into this issue and if so, how were you able to make the deal happen?  Thanks so much for your help!!

0 Votes