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Updated almost 9 years ago on . Most recent reply

User Stats

124
Posts
25
Votes
Alex R.
  • Investor
  • Miami, FL
25
Votes |
124
Posts

Friend going through divorce, How to Convince wife to sell

Alex R.
  • Investor
  • Miami, FL
Posted

Hello BP,

Here is the situation :

My Friend is going through a divorce. He and his wife owe 40K on the property. The property ARV is around 200K. she lives in the property and he has moved out a while ago. She has not paid the association or the mortgage in a few months. The Bank is threatening to foreclose. He would like to sell the property to me under market value since it needs lots of repairs.

My question is:

How to convince wife to sell property to me under market value. Husband is on board now wife needs convincing.

Any ideas? 

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