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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Help with possible foreclosure deal Posted by ellis on August 10, 2003 at 4:05 PM In Reply to: Help with possible foreclosure deal posted by Sgetz67 on August 09, 2003 at 9:24 AM I would pass on this one, 10k is too skinny of a profit. Especially if something doesn't go as planned & you get a lot less. Be patient & wait for the right deal. Just my 2 cents. Ellis : I was wondering if this was a goo deal for a foreclosure in So Cal. : HOUSE VALUE 195K : Owner owes 80K on 1st (No other Liens) : Owner needs 15K to cure loan : Misc. Expen. 30K for closing costs etc. : Give owner 60K cash at closing : Profit to me 10K : I know that it is alot of money to give the owner but in this sellers market I am thinking that any deal right now is better than no deal. Any suggestions? Thanks. : Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : I would pass on this one, 10k is too skinny of a profit. Especially if something doesn't go as planned & you get a lot less. Be patient & wait for the right deal. Just my 2 cents. : Ellis : : I was wondering if this was a goo deal for a foreclosure in So Cal. : : HOUSE VALUE 195K : : Owner owes 80K on 1st (No other Liens) : : Owner needs 15K to cure loan : : Misc. Expen. 30K for closing costs etc. : : Give owner 60K cash at closing : : Profit to me 10K : : I know that it is alot of money to give the owner but in this sellers market I am thinking that any deal right now is better than no deal. Any suggestions? Thanks. : : 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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