Hello! -new investor here
So, I met a lady who wants to basically give her home away. She said she just want to let it go. It’s in pre-foreclosure and there are issues with roof, ac, and it’s not a pretty home. If I buy her home from her, or take title to it, will I still have to pay her loan off or will she be responsible for her loan?
What if I take title and the bank doesn’t approve a short sale? Any advice?
Has anyone done cash for keys? Can you explain how this would work in my situation?
I’m meeting with her Saturday!!
Any feedback or responses are most welcomed!!