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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Trustee sale Proceed Posted by Kenny on October 11, 2003 at 9:42 PM In Reply to: Re: Trustee sale Proceed posted by Lughead on October 10, 2003 at 5:36 PM The house need heavy rehab, and with today prices its look like there are good chance to make more money and faster. The previous owner is part of the deal, and I told him in advance that I may decide to let it ride to foreclosure. Since he is part of the deal, and should get some more money after I will sell the house, he prefers that I will let it ride to foreclosure. The reason he did not let it ride to foreclosure by himself, is because he didn't want to risk loosing everything, if the auction price would be too low. With me in the picture, if the price is too low at the auction, I will buy it, rehab, and sell. I am like an expensive insurance for him... Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : The house need heavy rehab, and with today prices its look : like there are good chance to make more money and faster. : The previous owner is part of the deal, and I told him in : advance that I may decide to let it ride to foreclosure. Since he : is part of the deal, and should get some more money after I will : sell the house, he prefers that I will let it ride to foreclosure. : The reason he did not let it ride to foreclosure by himself, : is because he didn't want to risk loosing everything, if the : auction price would be too low. With me in the picture, : if the price is too low at the auction, I will buy it, rehab, and : sell. I am like an expensive insurance for him... 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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