Updated almost 9 years ago on . Most recent reply
Previous owner walked away
Hi, I found a couple properties where the previous owners walked away. I researched them hoping to get a below-market buy (all cash), but I dont see how I can benefit from this information. Here's why:
Presumably they walked away since the places are underwater. If so, it seems the only approach would be to convince them to do a short sale - but since they have already walked away, their credit is already shot from missing multiple payments, so they have little incentive to listen to me.
Opinions? Should I let this go or is there a play here? Thanks.