Forclosure home need help please

2 Replies

Hi,

I've been waiting for a while to do a short sale on a home but from what the agent told me the bank keeps asking for papper work. The sellers are frustrated and decided to talk to cpa and just file bankruptcy. Is there anything else I can do to get this property? Thank you for your help.

You can try talking directly to the sellers to set up owner financing, if they are amenable and you have the cash. It's possible they are only a payment or two behind, I know of people who buy the notes and then keep the former owner as a tenant (this is from a BP podcast, can't remember which one). In general, this is why I avoid short sales though. Nothing short about them.