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This is a nice house and property with 45,000 Equity If you are intrested in Rental/Lease property The H/O is willing to sell and then rent/lease from you You got an email address and phone can have the deal done in 2 weeks. I am interested. Craig Warner shellhouseconstruction.1@netzero.com 205-586-9101

This is a nice house and property with 45,000 Equity If you are intrested in Rental/Lease property The H/O is willing to sell and then rent/lease from you

4BR/3BA 3500 sqft 7acres stocked pond giant kitchen w/fireplace great room and master suite w/tray ceilings(new addition) 3 car garage all new appliances A/C unit 2yrs lod roof 2yrs old McCalla Alabama S/P 265,000 Appraises at 310,000

Thanks for the replies The H/O says that they have found another place and just want to be out of there. I suspect that they have other priorities. She told me that they are going to move out around the 15th of this month. They haven't paid June or July. I get the impression that they are probably going to rent something more affordable. She originally talked to an agent about listing the house and the agent reccomended that the H/O do a short sale. She contacted her lender and asked about a short sale. According to her, he was willing to accept 40 to 45. She was made aware that she would receive nothing from the sale. I spoke with the lender and he said he needed his BPO so he would know where his #s were. I talked with her this afternoon, and she said that the BPO happened Sun. I set an appointment with her for Friday and my intent was to sign her and have her sign a release of information form so I could then contact her lender and request their package. My plan: comps are around 60's offer 29k or 30k no more than 35k sell for around 39k or 40k repairs are say 8 to 10k leaves a good 15k to 20k to work with, minus repairs, a 10 to 12k profit I am new, and really green. I wanted a straight foward wholesale deal, but this is what I've got right now. So, I've decided to proceed cautiously and ask for a lot of help. Don't know much about hard money lenders or refinancing. Thanks, I appreciate any help or criticism.

Owner says they owe 56,000 in princple They have a ARM that started around 400, now is almost 700 3BR/1.5 BA 1780 SQFT Built 1925 comps run around 60,000 repairs around 8 to 10K She told me she talked to the lender about doing a short sale and wanted to know if I would negotiate with the lender and buy her house. She stated that she just wanted out. I spoke with the lender and he said he was scheduling a BPO and then could entertain offers/negotiate. I am new, but as I understand it I would have to have the verifiable funds in which to purchase from the lender(a cash sale), then try to do something with the property. From what I've researched I can't wholesale this property because the lender will not do anything with an assignment clause. I don't want to pass up a deal, but I would like some confirmation. If I am missing something please fill me in. If I can do something here how do I set this thing up. Thanks