Creative Financing?
Hi, need your input please. Have a seller who is facing foreclosure on their property. They owe $64,000 and he wants $84,000. MAO is $64,000, repairs would be $25k for a flip and $15k for a rental. Properties in that neighborhood sell for about $120,000. He will not accept MAO but is open to creative financing. Any suggestions on how to approach this? Thanks.