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BlogsHere I go!AM I taking advantage??

Posted almost 15 years ago

AM I taking advantage??

A neighbor of mine recently had been served with a Notice of Default.  I was planning on using hard money to get the house at "cheap" price and flip it (I live in CA, SFH are going for approx $400-450k, and I was going to offer $300 to clear the default and back tax's)... then I found out he passed away.  Should I leave it alone?  I have told myself that I'd be helping the family by eliminating the hassle... but then I get second thoughts.  What would you do? 

Comments (3)

  1. It's been a month. What happened?

    Carlos Flores, almost 15 years ago


  2. I see your point. The second thoughts are feeling guilty for trying to get the home at a lower price as apposed to FMV. Homes are not moving very fast in my area which is why the proposed low offer, so I can flip it. It is pretty cut and dry except for the guy passing away.

    Scott Pacheco, almost 15 years ago


  3. What are your second thoughts? Odds are that the family will likely need some help with the property. They can find someone else or you can be the one to service their needs. Or, am I missing something?

    Joshua D., almost 15 years ago