Short Sale possibility?

Posted by JohnM on July 08, 2003 at 17:26:23:

Hey folks,

Need some advice on a possible deal in Indiana if anyone is willing and able:

Owner called off a pre-foreclosure letter with a house he needs to sell. Going to Sheriff's Sale August 13, 2003:

OWES: 135,900 1ST13,000 2ND148,900 TOTAL

BEHIND: 8 MOS. 1ST = 11,2008 MOS. 2ND = 1,936TOTAL = 13,136

LEGAL FEES: 6,000

TOTAL OWED: 148,900 MORTGAGE13,136 PAYMENTS6,000 FEES168,036 TOTAL OWED

PAYMENTS: 1400 1ST (15 YEAR MORTGAGE)242 2ND (CITI FINANCIAL)

FMV: 140,000

Is there anything I can do here or is this a dead deal?

Thanks for your help:)