Owner thinks the comps would be 120-125K Zillow says it is worth 116,000K I don’t have MLS Access so if anyone on here has it and can help let me know House is not updated and needs some repairs: listed below 4 bed 2 and a half bath 1800 sq ft total including sunroom and loft overlooking valley (has great view) Wood siding Built in 1983 No tenants owners are occupying They own it as a land contract that Owe 28,000 Trying to get as much as possible but understands he will probably 60-70% Wants 75,000 but willing to negotiate Looking to sell as quickly as possible Don’t want to give it away 75,000 sounds like a low fair offer to owner He says the view sells it Owner thinks it would sell on open market but need to sell now Will list it with realtor if they absolutely have to Will stay in house if necessary Asphalt roof new within 2 years soon Garage has older roof but the roof does not leak No offers yet and have not talked to anyone else Repairs/updates needed:Finish painting trim on outside of property and garage.New garage door and replace two window panes in garagenew roof on garage if wanting to replace (but it does not leak right now)Finish staining and painting deck railsnew medal door for storm shelterfinish wood siding in sun roomnew counter tops (current ones are not granite, but are in very good conditionappliances all work but are not new

Jason, as far as filling your LLC docs go, you should be able to do it on your own with a little bit of research.

If just by grantor/grantee use the Pasco county tax assessor's site to find the owner name, then search the comptroller site for that name and you will be able to find the recorded mortgage docs that will show the lender's name.

Terms aren't terrible, 5.5%, 5/1 ARM, 25% down but it's a full doc process and to purchase condos require the condo complex to meet multiple restrictions....and in FL, most can't.

The only thing you really care about: is it leaking!

So the underwriter for the buyers loan does not want to approve to move forward to loan docs (conventional loan) unless items 1&2 are performed.

If you're not a legal eagle, you should spend an hour with an attorney to help you figure what docs you need to do what you want to do.

You can move out after 12 months that you sign (occupancy affidavit for 12 months at time of doc signing).Your entitlement slowly comes back after use, but if you want to use the full entitlement you have to payoff your current loan by refinancing or selling to free up the "full," entitlement again.

Tenant called and said she had a gas leak.

It could have been a bank in second position like you said, but the way it worked seemed strange...When the lender's maximum bid was the judgment amount the bank's agent would say something along the lines of "the plaintiff bids $100, up to $x" (loan balance) so the investors would know how high the bank would go and if no one was willing to bid over that amount the bank bought it for only $100 to minimize the doc stamps.But when they were willing to bid over the balance the agent would say "the plaintiff bids $100, up to an undisclosed amount in excess of the judgement."