Please Help

Posted on: Fri, 07/30/2010 - 05:27

LGOOD675

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Please Help

The owner of the home is in Iraq.The home is listed at $400,000...I still have to find out a little more about repairs...I also found out that the homeowner is delinquent on his mortgage and owes $454,000.So is there anyway I can make this situation profitable for me?

This is also potentially my first deal

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by LGOOD675
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Posted on: Fri, 07/30/2010 - 05:56 #1

BJ-1

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Response to ...Please help....

I am new to the site, so pls take what I suggest 'with a grain of salt'.

It appears that the H/o is so up-side down wiht the mortgage, that all he really has left is to 'Short-Sale' his home! Can you handle doing a 'short-sale' for him? If so, that would be my recommendation.

Good luck,
Happy Investing!
BJ

Posted on: Fri, 07/30/2010 - 06:26 #2

LGOOD675

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Great point...Scam didn't

Great point...Scam didn't cross my mind but now I'm thinking it might be

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