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The Investor’s Guide to a Single-Family Rental Emergency Fund
As real estate investors, your emergency funds are a critical line of defense against unexpected costs. It prevents you from dipping into your budget to handle them. But what should you really use an emergency fund […]
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Foreclosures
HomeForumsForeclosuresShort Sale Assistance Needed
Hadrian Ayyub's profile image
Hadrian Ayyub's profile image
Hadrian Ayyub
  • Investor
  • from Los Angeles
  • Member since Jan 3, 2019
  • Posts 22
  • Votes 16
  • Experience 6 Yrs
  • Investments 2
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User Stats

22
Posts
16
Votes
Hadrian Ayyub's profile image
Hadrian Ayyub's profile image
Hadrian Ayyub
  • Investor
  • from Los Angeles
  • Member since Jan 3, 2019
  • Posts 22
  • Votes 16
  • Experience 6 Yrs
  • Investments 2
Connect
Hadrian Ayyub
  • Investor
  • Los Angeles
16
Votes |
22
Posts
Foreclosures

Short Sale Assistance Needed

Hadrian Ayyub
  • Investor
  • Los Angeles
Posted Nov 3 2019, 09:06

I have been offering for many months to try to assist him to avoid foreclosure but his pride would not allow him to take action.

House is located in Cerritos CA

Total debt including mortgage, HELOC, etc is 839k House ARV 880K Rehab estimatess 100k+

Father is 62 years old with multiple medical ailments, no retirement, savings, house is distressed.

Now with a notice of trustees sale given, he may finally be open to a short sale deal on his house.

Seeing as I do not do business in my native state of California and have never ventured into such a niche I would appreciate it if someone could give me a sample short sale contract for the state of California.

Thanks and God Bless.

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