First and foremost… this website is GR8!!!
I’m a newbie getting feet wet… already bought 1 property to rent out to section 8.
Here the situation.
I’m in Lake County, Il and there’s a home on my block that’s been vacant for a while.
Noticed that it goes up for aution on Feb 16, 2006.
What is owed is approx. 160,000. Very nice home.
Do I try to do a short sale??? :-
The current owner now lives in Georgia (and she’s not responding to my letters, calls etc. - but I’ll continue to contact her).
Or do I wait for auction to see if the bank gets it back and try to negotiate with the bank?
(what 2 do) x 2