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Eugene Thompson
  • Arizona
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Need help! Homeowner probably needs a short sale/deed in lieu

Eugene Thompson
  • Arizona
Posted Apr 2 2014, 04:28

Homeowner with equity in home, who wants to sell property, asked me for a deed in lieu, but I am a wholesaler and I don't know how to talking to a lender to negotiate on his/my behalf.

Home is comped at $130k to $140k. Owes $66k. Needs at least $15k in work but is asking for $130k. It is in/near a good, historic area of city.

A) how should I navigate this so I can profit as a new investor with no experience in this type of transaction &

B) simultaneously get this homeowner out if this situation?

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