On Oct 26 the house I'm in will be foreclosed on in court. The house was built only 5 years ago. The loan originally was 75k but that was 5 years ago so only about 50k is owned now to pay off the house.
The house is worth more than 75k. I'm not sure of the value but I think it's somewhere in the 120k range. So there is a lot of room for profit. I could probably convince the owner to accept selling it, if she can put money in the bank and save her credit. I would have to move but would have some money to do it.
I just don't have a buyers list yet. I'm just getting started. And I would have to move fast. Does anybody have any suggestions on how to find a buyer fast?
And mostly where do I call or contact to find out exactly what is owed on the house and what it is worth?
Any information would help. This is a great opportunity and I'm afraid it will slip right out of my hands if I don't do something quick.
Think like a man of action, act like a man of thought