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Updated over 7 years ago on . Most recent reply

Advice on talking points or script for seller
Hello Everyone,
I am meeting with a seller for the first time to talk about her options to avoid foreclosure. To be honest its my first appointment as an investor with my LLC. I want to know some tips during this emotional time for the seller. She doesn't have ANY EQUITY and hasn't paid the mortgage since 2012, the person also has a lis pendent on the home as well that is up in the air at this point. She has two mortgages on the home 1st = 190k 2nd = 64k with ARV of about 270k-290k. I know I know this is a long shot, at the same time I want to get better at presenting info and exhaust all possibilities to do my best to help.
Please Advise,
Ray
Most Popular Reply

If she owes 254k and the ARV is 270-290k that doesn't leave much room for rehab costs. How much work does the property need?