Updated almost 10 years ago on . Most recent reply
First call from my first yellow letter
Hi BP community so I just got my first call from a yellow letter campaign. The seller told me that their house was flooded and now had mold. Additionally they told me their house was upside-down on the mortgage. It's a house in a pretty hot area. I spoke with my broker and they have a company that would be able to negotiate the short sale. My question is should i pursue this or leave it as in order for it to make sense to me I would need to buy it at like $90,000?
The house is two stories
4 bedroom
3 bathroom
Large corner lot in a Cul-de-sac
$192,000 mortgage balance
$165 ARV