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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] PreForeclosure - 2nd Won't Cooperate Posted by mark on February 16, 2002 at 2:50 PM Here is my Pre Foreclosure Situation. 1. Couple has nice house worth 113K in foreclosure. 2. About $7,500 to reinstate....75K to pay off 1st FNMA. 3. 4k in back taxes. 5k max for repairs. 4. Private 2nd for $8,500. 5. Owners CANNOT STAND couple carrying the 2nd, and want me to get the house....owners already have new trailer and three acres and are very happy where they arenow. 6. I called couple with 2nd and offered $1500 for their note. They laughed and said they will get the house. 7. Sunday 17th I will get a quit claim deed from owners but this deal is not so good if I can't deal with the private 2nd. 8. What are my best options if the private couple doesn't want to deal....??? 9. The house is in a nice area and should sell or lease option fast... IS THIS DEAL WORTH IT FOR ME Follow Ups: Re: A marginal deal Ward-CA- 7:16 AM, 02/18/02 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Here is my Pre Foreclosure Situation. : 1. Couple has nice house worth 113K in foreclosure. : 2. About $7,500 to reinstate....75K to pay off 1st FNMA. : 3. 4k in back taxes. 5k max for repairs. : 4. Private 2nd for $8,500. : 5. Owners CANNOT STAND couple carrying the 2nd, and want me to get the house....owners already have new trailer and three acres and are very happy where they arenow. : 6. I called couple with 2nd and offered $1500 for their note. They laughed and said they will get the house. : 7. Sunday 17th I will get a quit claim deed from owners but this deal is not so good if I can't deal with the private 2nd. : 8. What are my best options if the private couple doesn't want to deal....??? : 9. The house is in a nice area and should sell or lease option fast... : IS THIS DEAL WORTH IT FOR ME Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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