BiggerPockets

Good Day,

I was approached by a friend of mine who recently had to move from Central KY to Ohio...due to a career move. He could not sell his home and began renting it out. The house was appraised at 141K last year and he owes the same amount. He bought a house in Ohio and rented the KY house. However, he can't find renters who can pay enough to cover the mortgage. I talked to him yesterday and he said he only has 2 options-- to stop paying on the house and foreclose, or negotiate a shortsale with the bank. He is supposed to be sending me more information about which bank the loan is through and some other information.

Does this sound like a viable short sale candidate? If so, I am looking for someone who has expience and would like to negotiate with the bank on my behlaf. If you are interested please PM me your rates.

Thanks in advance,

James

Jozef,

Thank you. I will be gathering the rest of the information and calling you sometime within the next few days to discuss. Thanks.

James