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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 1ST
13,000 2ND
148,900 TOTAL
BEHIND: 8 MOS. 1ST = 11,200
8 MOS. 2ND = 1,936
TOTAL = 13,136
LEGAL FEES: 6,000
TOTAL OWED: 148,900 MORTGAGE
13,136 PAYMENTS
6,000 FEES
168,036 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:)
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