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Updated almost 12 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!

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