Short Sale possibility?

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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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Comments:




: 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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