Updated over 7 years ago on . Most recent reply
Opportunity for a quick flip and how to negotiate deal
My partner and I are from Las Vegas, Nv and we just got our first rehab property. While doing that rehab, I ran Into the neighbor (who Is a renter) and they saId they were leaving because the owner of the house is behind on the mortgage and has 3 liens, whIch Is true. (mortgage, water, hoa. I called the owner and “yes” he’s selling it and hasn’t paid the liens. With that information and knowing what the house is worth, Arv: 165k, homeowner owes approx: 116k with all three liens. How do you go about closing this deal other than the traditional way and what paperwork is needed. Any help would be appreciated. Thanks