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Updated almost 7 years ago on . Most recent reply

User Stats

77
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5
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Rao V.
  • Seattle, WA
5
Votes |
77
Posts

Help needed from wholesale gurus

Rao V.
  • Seattle, WA
Posted

Hi Wholesale Gurus,

I got a lead on a property through a friend where home owner is 60 days behind in mortgate payment. The property is worth about 250k but it needs some work. I am awaiting the estimates on the repair.

Here are the details:

-- Propery Worth about 250k

-- Loan = 190k

-- Hoa dues - 4k

-- Amount needed to bring the property current = 4k

So what should be maximum offer assuming repair is less than 10k. Also who should I hire to help me in this transaction. A real estate layer or a foreclosure attorney or what. Any recommendation Seattle/Tacoma area would be appreciated.

Thanks

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