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 about 6 years ago on . Most recent reply

Account Closed
  • Rental Property Investor
  • Wichita, KS
33
Votes |
52
Posts

Need Short Sale Mentor - I have a deal

Account Closed
  • Rental Property Investor
  • Wichita, KS
Posted

Hello and thanks for reading!

I am located in Wichita, Kansas and I think we have a potential short sale opportunity

The seller has a very nice home that is worth $249k and she owes 165k. I believe she is 65k delinquent. She had gone into foreclosure on the property a couple years back but the judge somehow overruled it. I think that is why her back payments got so high.

Anyways , I have done flips and rentals but I am not educated in this area but I would like to partner with someone who has experience working with banks. I would feel so bad if the seller lost everything.

Most Popular Reply

User Stats

23,418
Posts
13,509
Votes
Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
13,509
Votes |
23,418
Posts
Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

This is not a short sale......the home value is more than the mtg. 

Loading replies...