I have a homeowner who basically said I could have the house (husband) left and she no longer want to stay in the house. I visited the house today and her balance is $89K, $6K in arears. no 2nd mortgage. They area comps are around $115-$120. The house is a total wreck (smells like dog - she has 7 dogs, holes in the walls, holes in the doors, needs a roof, ceiling messed up from leaking roof, kitchen floor has to be replaced, carpet needs replacing). The house needs quite a bit of work. Also there are 3 cars in the backyard that do not work and she does not want anything in the house so I must find a way to get rid of everything.
I had the homeowner to sign an authorization to release so that I can contact the lender. If I try to do a short sale, what is a reasonable amount to request for discounting without them thinking I am making a ridiculous offier. Also, if they ask whether it has been listed, there is no way any realtor will list this house.
Should I have gotten the homeowner to sign any other documents.