Anyone negotiated a Short Sale successfully - Posted by andre
Posted by andre on June 19, 2001 at 17:29:07:
I’m hoping this is a good oppurtinty to gain big dollars. I have a property that was deeded in a land trust. Of course it’s behind in pymts. The preforeclosure process just started. I have a buyer approved and ready to go, cash, in the wings to purchase. ARV is $185k; balanced owed is $151k.
1-Can I negotiate the sale or does the prior owner have to make the offer?
2-Is it tangible to get a $100k cash offer accepted? Or what would be a tangible offer to make?
3-Can someone give an outline of the process to get an offer accepted?
Thanks for any and all direction in the process.