I HAVE SEVERAL PROPERTIES IN OKLAHOMA THAT ARE READY FOR SHORT SALE. I HAVE NOT DONE A SS YET, IS THERE ANYONE THAT CAN LEND ADVICE. THANKS IN ADVANCE.
Good Evening dtrain,
At what stage are you in with these? Have the packets been completed on these properties and the homeowner? Has the bank agreed to review the shortsale packet?
Go Get’em,
Ray Rochefort, mgr. mem.
Purpose Investments LLC
Expect to get frustrated by pencil pushers at the bank. I have gone through two so far, that were both trashed inside but looked ok outside and the banks would not budge. The BPO’s on both never even went inside, so the banks had a false sense of value. Funny thing is my last offers on both were more than fair. Good luck and leep fighting. My last SS deal that fell through auctions tomorrow, I am thinking of showing up to see what they get.
On one I am waiting for ir to be appraised and on the other property the owner just wants out and all I have to do is submit a number for a short sale. The bank wants a short sale on the second house and it is around $40-50 under list price. Have any suggestions or intereseted?
Where are you located? I am in SoCal.
Carl
I am in Tulsa, Ok. There are a lot homes that are available to flip that are in distress. I am looking for people to work with. I have on e house that is very nice and the home owner just wants out and to save her credit as best she can. I have the numbers from the bank.
Hi DTrain,
I am always interesed in working with other investors, is this seller wanting to move the property now? What is the current unpaid loan balance to value?
Go Get’m!
Ray Rochefort, mgr. mem.
Purpose Investments LLC
I have two houses that are ready for short sale. The first property, the bank is asking $205 and there is a 5K lien on property also. It would rehab for 245K.
The second property I have a green light for a SS at 65K and the house rehabbed a little would sell for around 115K. Both houses are empty and the banks want to get them off of their books. Let me know what you think. Thanks