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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Is This A Good Deal? Posted by Steve Getzinger on May 05, 2003 at 5:20 PM I have a newbie question, I am in the Los Angeles area and think I have the makings of a good pre-foreclosure deal. I am hoping to get some feed back as to whether or not it is in fact a GOOD deal. The home has been deliquent for 5 months and the arrears are aproximately $5,787. The loan amount is $118,146. The estimated market value (using CMA) is 150,000. Loan (no liens or other loans) = $118,146 Arrears = $ 5,787 Fix up costs = $ 5,000 Total = $128,933 Est. Market Value = $150,000 Net Gain = $ 21,067 Is this worth pursuing and should I look to give $5,000 to the owner for moving costs? Follow Ups: Maybe - it depends Lughead 9:07 PM, 05/05/03 (1) This isn't a borderline deal, it stinks!! Ward-CA- 0:10 AM, 05/06/03 (0) No, this deal doesn't pencil out. Ward-CA- 7:46 PM, 05/05/03 (0) Post a Followup: Name : E-Mail : Subject : Comments: : I have a newbie question, : I am in the Los Angeles area and think I have the makings of a good pre-foreclosure deal. I am hoping to get some feed back as to whether or not it is in fact a GOOD deal. : The home has been deliquent for 5 months and the arrears are aproximately $5,787. The loan amount is $118,146. The estimated market value (using CMA) is 150,000. : Loan (no liens or other loans) = $118,146 : Arrears = $ 5,787 : Fix up costs = $ 5,000 : Total = $128,933 : Est. Market Value = $150,000 : Net Gain = $ 21,067 : Is this worth pursuing and should I look to give $5,000 to the owner for moving costs? 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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