Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Foreclosures
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 11 years ago on . Most recent reply

User Stats

17
Posts
3
Votes
Leslie Schwab
  • Saint Louis, MO
3
Votes |
17
Posts

Please help! I made a big mistake!

Leslie Schwab
  • Saint Louis, MO
Posted

Dear BP Forum,

When I started investing in foreclosures last year I made a large newbie mistake. I purchased a second, that my team led me to believe was a first, at the courthouse steps.

I spoke with the bank who owns the first (PNC) and they are willing to negotiate with the original borrower, but as of now, will not speak with me. The borrower is in bankruptcy proceedings and therefore can't negotiate with the bank.

Does anyone have any ideas or can anyone connect me with someone who may be able to assist with this? The first is for $55k and I will happily split the amount we can recoup with someone who can help me devise a solution.

Thanks!

Loading replies...