All Forum Posts by: Blake Denney

@Marc Desrosiers

It’s a weird situation.  It is not currently a short sale. The owner does not live in the area(the house is vacant) but he is current on all mortgage payments/taxes.  The owner told me he owes $60k but house is only worth $40k the way it sits.  He made it sound like the bank didn’t want to do a Short Sale since he is continuing to make payments. Does this make any sense?

Hi BP family.  I’m a new investor and have found a potential property that looks pretty good on paper.  The problem is the property is under water but the owners bank doesn’t seem to want to do a short sale. Has anyone ran into this issue and if so, how were you able to make the deal happen?  Thanks so much for your help!!