Updated almost 11 years ago on . Most recent reply
Just curious.....
If my asking price of 50%-70% of the ARV does not cover the sellers loan then the deal is essentially eliminated correct??
Most Popular Reply
Tarrin,
Not necessarily. If the seller is very desperate and just wants out, if they have money to cover the shortfall, the deal can still proceed.
E.g., they owe $100,000, you offer $70,000. If they have $30,000 to satisfy the payoff, you're a go.