I want to assign contracts for now, plain and simple.
I have 1 person who owes about 320k on a home here in NJ. The home today is worth around 220k-240k.
Problem is i have noticed that many people that call me owe more to the home than what it's worth. Doing a short sale would not be a problem for me i guess but if a "short sale" would get accepted, how is it possible to assign to another investor?
And what if the short sale doesn't get accepted? Most likely that's the final blow for the homeowner correct?
It's sad to see people in pre-forclosure, makes me more motivated to get some deals done not only for the sake of me but to HELP these people!
What can be done? Anyone in these similar situations?
"Whenever you find yourself on the side of the majority it is time to pause and reflect."