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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Keep lookin'.. Posted by Ward-CA- on April 22, 2003 at 8:17 PM In Reply to: 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. =================== Mel, This deal sucks without a lot of ingenuity and hard, hard work by someone who knows how to make a silk purse out of a sow’s ear. I much prefer getting something that has a decent profit in it from the get go. Keep looking. Follow Ups: 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. : =================== : Mel, : This deal sucks without a lot of ingenuity and hard, hard work by someone who knows how to make a silk purse out of a sow’s ear. I much prefer getting something that has a decent profit in it from the get go. Keep looking. 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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