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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] can this be short saled? Posted by mel on April 21, 2003 at 6:20 PM Hi Ward & Everyone I was going to try to subto this but another investor (don't know how savvy) suggested I try to short sale it. I am still studying the 2 niches---would be willing to learn on this or maybe flip it to someone. guy owes 255k on nice house in Clovis, Ca (Fresno area) AT 10.5 INTEREST!!! also owes 12k back pmts & 7k cr card lien on house so now we're up to 275k>>> Comps which are all smaller are at 270k in Jan '03 I haven't seen the house The guy isn't going to make any more pmts---willing to just walk away. Please let me know what you think. Much appreciation, Mel : He's willing to just walk away with some pocket change. Follow Ups: Keep lookin'.. Ward-CA- 8:17 PM, 04/22/03 (1) Re: Keep lookin'.. mel 8:29 PM, 04/22/03 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Hi Ward & Everyone : I was going to try to subto this but another investor (don't know how savvy) suggested I try to short sale it. I am still studying the 2 niches---would be willing to learn on this or maybe flip it to someone. : guy owes 255k on nice house in Clovis, Ca (Fresno area) : AT 10.5 INTEREST!!! : also owes 12k back pmts & 7k cr card lien on house : so now we're up to 275k>>> : Comps which are all smaller are at 270k in Jan '03 : I haven't seen the house : The guy isn't going to make any more pmts---willing to just walk away. : Please let me know what you think. : Much appreciation, : Mel : : He's willing to just walk away with some pocket change. 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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