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Now that I got your attention, let's talk about Short Sales and whether/when they are a good fit.First, some context:A Short Sale is when the NET proceeds from a Real Estate SALE will fall not cover the DEBTS secured...
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I have an agent with whom I've had a long term (past) working relationship for several years. 99% of her business is (no surprise in this market) short sales as a seller's rep. I, of course, am wanting to find a way t...
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Hello everyone, I am on phase two of my direct mail campaign and have received a call from a potential seller. He owes $180000.00 on his current mortgage with no 2nd. The ARV on the house should be around 250k. He...
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I recently just gotten a new lead in Portsmouth RI and the seller is really committed. She wants to sell as fast as she can because she is going through hard times. The ARV is 950k-1.3 million. I estimate repairs to b...
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Fifth Third is a bank servicing a variety of states as far north as Michigan, south as FL, east as PA, west as Illinios. They are by far the hardest bank to deal with that I've experienced. They do not allow third par...
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I just came across what could be a good wholesale deal in that I have a very motivated seller and the begininng of some good numbers.
3 BR 1 BA 1,200 Sqft
Estimated ARV: $100,000
Repairs Est: $15,000
Asking: $70,000
...
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First off, I would like to say that i have successfully launched my first marketing campaign, and I am feeling very excited.~first call from a seller~A day ago, I received call from a seller I sent a letter to. He sai...
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I need to expand my seller financing knowledge. I am wondering if
there is anyone on or off Bigger Pockets who will assist me with this? I
was also wondering are there any great articles or books that will
assis...
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BP'ers,
Greetings from Baltimore, Maryland. I've found your very impressive community, learned a ton just by reading, and would like to introduce myself and tell a bit about me and my situation.
Although I've alway...
Hi BP community,
I've had multiple responses from my first yellow letter marketing campaign. A few owners owe more than the house is even worth. I'm sure these are dead deals but if they want out of the house bad enou...