I would like to make this as short as possible, I have a situation where in a gentleman in my area is in trouble. He just filed for bankruptcy and wants to sell his house that was only purchased 1 year ago. He is already late in mortgage payments by 1mth. He says he owes about $170k and the properties in area go for $185k-200k.It really doesn’t need any work. The place may only need about $10-12k worth of work(if you wanted to get it at top price)…Question is there a deal here and what other bit of information do I need?
Thank you so much, I am a newbie so please bare with me. Appreciate everything