Short Sale question

I’m a newbie and working with a homeowner who has two different mortgages, 1st 233 k and the 2nd one is for 55k, but there is another lien for 120 k which is her business loan, they are foreclosing on her because she can’t make a her mortgage. I’m kinda confused. Is there any way that I can stop that???

Yes enter into an agreement to purchase, wait any rescinding period then contact the bank advising them that the house is in escrow to buy as a short sale.

Michael Quarles

Convert property to land trust with owner as trustee then have owner assign beneficial interest to you. Record the land trust.