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Updated about 8 years ago on . Most recent reply

User Stats

69
Posts
9
Votes
Stanley Dean
  • Rental Property Investor
  • Burtonsville, MD
9
Votes |
69
Posts

Prospective Listing for SALE

Stanley Dean
  • Rental Property Investor
  • Burtonsville, MD
Posted

Hi all-  I have a prospective possible listing for a owner who is 7 months in default as of March after her husband died and tried to do a remod and it failed. Now she is trying to sell the home , house has a loan balance of 278k and market price value is 330k so she will gain some equity.  How do I approach this so I can list to sell.  I know it does not qualify for short sale as the loan balance is not under water to the market price.  I am a newbie agent that just started to explore real estate parttime.  Please advise how to proceed.  Thank you all for the great help.

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