All Forum Posts by: Gordie Prescott

Thanks all. Yes , I have no experience in short sales and will probably pass this on to someone who is. She is not living in the house and has since moved into another home. She is hoping for the foreclosure just to get rid of it.

Thanks again all.

Hi Wayne,

There is none, really. The comps have the property close to 107K. The mortgage is at 103K. She has fees in excess of $10,000 the bank has charged based on court filings.

Hello all,

I was contacted just recently by a seller whose home has the following challenges: 

• In pre-foreclosure
• Has not paid the mortgage in 2 years
• Rented the property and was not eligible for refinance as a homeowner
• Has an adjustable rate mortgage
• Taxes have been paid by the mortgage company for the past 2 years

Is there any hope for this property? 

Thanks all!