:helpThis will be my first deal as an investor and I need all of the help that I can get!
COMPS say the property is valued at $130,000 (approx). The house is a 3 BR brick tudor in great shape. No repairs needed. Move in condition.
Seller owes $200,000 on first; $20,000 on 2nd and $8000 credit card lien. She is looking to file bankruptcy.
The lenders are Wells Fargo and Beneficial.
Is there anything that I need to be concerned about?
Please advise.