This one had a first for 96K inclusive of all fees etc. and a second for 22K. The second did not want to entertain my offer for 6K above the first. My FMV on the prop AS IS was 125K. It did not need much work if anything. And this is in the foreclosure capital of the world. Atlanta. Which has 5-6K foreclosures a month!
Long story short, the first foreclosed and has it on the mkt NOW for 130K! I will support all inquiries with the real facts if asked. THE SECOND TOLD ME THEY WOULD NOT ENTERTAIN AN OFFER BELOW MKT VALUE!!!
That’s the SECOND, not the first!!! Get it people!!!
All of you that think the second is going to fall away, good luck. It’s a bunch of crap.
Now I am waiting to see if they (the second mtg holder) sue the owner for a deficiency in the foreclosure sale which went for 96K. Because I can’t understand why they would walk away with NOTHING. I told the owner to anticipate this and they they are ready to file BK if and when that happens.
This was a medical problem. And the greedy lenders just don’t care.