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Updated almost 6 years ago on . Most recent reply

User Stats

5
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0
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Jeremy Harris Jr
  • Realtor
  • Huntsville, AL
0
Votes |
5
Posts

First Pre-Foreclosure Deal

Jeremy Harris Jr
  • Realtor
  • Huntsville, AL
Posted

If I’m working a pre-foreclosure deal and a buyer wants the purchase the property under the amount owed on the property who ends up paying the remainder. I would assume the seller but what if he doesn’t have that. I’m new to this with my first deal and I feel so overwhelmed. My seller wants 175 for his home he owes 150k and is behind 4 payments the home is in great shape not much repair at all beautiful home. The buyer wants to pay 120 for it. I guess I’m trying to figure out to I send my seller the buyers offer will I still get paid anything I’m very confused

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