My question for the day!

I'm reading the Pre-Forclosure Property Investor's Kit by Thomas J. Lucier, and he discusses the pro's and con's IRT the 3 forclosure markets (obviously leaning more towards the short...

Hello, I was wondering if someone here could help me put together my short-sale package?

thanks in advance,

Quattro

here's the deal:

He owes 68k
He paid 65k in 2004

Current Market Value: $50-55k
ARV: $65k-70k
Repairs needed: $10k

I'm thinking of making my top offer with the lender $35k. That would leave me with a $20k profit, ...

If I get a property through a short sale at half price, will this be used as the basis for the property tax numbers? I live in Orange County, CA.

Would anyone be able to provide some insight in regards to a Short Sale Seller Agent obligation to the bank/investor of the loan. I attempted to place an offer that would be above list price for a SFR. Not much more,...

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $269,000

Purchased a brand new home, lived in it for a year and turned it in a STR

What made you interested in...

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