Potential Opportunity?

[Bob Roemer]

Being completely new to Short Sales, I'm trying to find out if this is really what I perceive to be an opportunity. A Realtor has a listing where the sellers had to move for job reasons, they purchased another house in the new location, and now can't afford to carry two mortgages.

Total Notes being Carried: $140K
1st: $114K
2nd: $ 26K

The comps would be at the $139K - $142K range.

The house is clean, and it is only 2 years old.

The homeowner hasn't pursued this with their mortgage company yet to see if they are able to do a Short Sale, but they are getting scared about the situation.

Thoughts?