I have the opportunity to get a property, but I have a question. The owner owes 69K, property can appraise at 105K, but she needs about 40K in work. She is current on all payments.
Has anyone had experience doing short sales with banks even when the person is not in foreclosure? How do I negotiate this when the repairs and what’s owed total more than what the house is worth? Seller is very motivated and ready to move. ???