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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: I think your imagination has the got the best of you. (nt) Posted by Ward-CA- on December 15, 2001 at 7:40 PM In Reply to: Help - they are almost ready to give me a house for free! posted by Mary on December 14, 2001 at 8:52 AM : I found a vacant home that was in foreclosure but the bank dismissed it. It does need some work. The owner is behind on taxes, has declared bankrupcy and has moved out of state. I have been in contact with the owners and also the bank. The bank has basically walked away from this and it sounds like they would be willing to do a short sale and take next to nothing for it to clear their books. But I need the owners to be willing to sell it to me. I have explained to them that I would be paying the back taxes 1500.00 and all closing costs. It is to their advantage obviously to not have a foreclosure on their record(which of course is right around the corner because of unpaid taxes now. It also is a liability for them to own this vacant house. If the bank would settle for my offer (which I am thinking of only $1000.00 then the owners also would have a settlement on their record which would be a positive thing. The husband was very cooperative and could care less what happens. The wife basically wants to forget the whole thing but has problems with me, a complete stranger profiting from this. I can understand her point but at the same time it still does benefit them to sell. My question is this, Is there a legal way for them to benefit from this financially if I was to buy the home and sell it. Of course I am more than willing to share the profit but do not want to do anything illegal.The home is probably worth as is about 40,000. Any ideas. Quickly please. Mary Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : I found a vacant home that was in foreclosure but the bank dismissed it. It does need some work. The owner is behind on taxes, has declared bankrupcy and has moved out of state. I have been in contact with the owners and also the bank. The bank has basically walked away from this and it sounds like they would be willing to do a short sale and take next to nothing for it to clear their books. But I need the owners to be willing to sell it to me. I have explained to them that I would be paying the back taxes 1500.00 and all closing costs. It is to their advantage obviously to not have a foreclosure on their record(which of course is right around the corner because of unpaid taxes now. It also is a liability for them to own this vacant house. If the bank would settle for my offer (which I am thinking of only $1000.00 then the owners also would have a settlement on their record which would be a positive thing. The husband was very cooperative and could care less what happens. The wife basically wants to forget the whole thing but has problems with me, a complete stranger profiting from this. I can understand her point but at the same time it still does benefit them to sell. My question is this, Is there a legal way for them to benefit from this financially if I was to buy the home and sell it. Of course I am more than willing to share the profit but do not want to do anything illegal.The home is probably worth as is about 40,000. Any ideas. Quickly please. Mary 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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