Newbie Question

[tbynum]

Ok, I have an old friend that her mom's house is getting ready to go into foreclosure.
Sale Date is the end of August. Ok, The payoff amount is 49, 000. The comps in the
area are between 65,000 to 70,000. The seller just wants to get rid of the house.
And save her credit. How should I structure this deal?. I'm a wholesaler doing a favor
for a friend. Should I try to short sale it, or should I just sell it subject to?

How should I do this deal EXPERTS!!!!!

Someone HELP please!!!

[TommyOH]

tbynum,

Sorry no one answered sooner. Here's what I see. You have approximately a 75% ARV which is not that great for wholesale. Does it need any work or updating? I'm not sure a short sale would be worth all the work at that low a number.

About the Sub2, if you cure her delinquent payments and penalties, will that stop the sale? If so, how far is she behind? I'm quite sure you could sell this Sub2 easier than finding a wholesale buyer.