I have the opportunity to work with someone on a short sale. Here is the situation, tell if you think I can help in any way...
A friend's sister has just gone through a divorce from an abusive husband. He was put in jail for battery and she filed for divorce and finalized the papers. She has two homes, the one she owned with her ex-husband and her new home. The house is in foreclosure, 6 months behind at 1,800 a month. She owes 232,000 on the house and she had it listed at 240,000. I am not sure if it is worth that much or not, but lets pretend it is. She wants desperately to sell the home and move on. She is willing to sell any way she can. Subject-to, taking back a note, short sale, ANYTHING to stop the foreclosure and the impending bankruptcy.
So what can I do to help. This is a really good friend and I want to help. I don't care about making a profit, I just want to get her out.
I am on the road right now so I can't research until I get home tomorrow. If someone could give me a general idea of an action plan I would appreciate it.