Posted by jimi on July 27, 2001 at 09:17:27:
from my view, the key is getting the “seller” to make all payments until your tenant/buyer drops the $10k and takes possession.
If you can make tht happen, then you’ve nothing to lose. You’ll then be playing “beat the clock” - finding a tenant/buyer who agrees tht $10k plus $1500/mo for the subject property is the right deal for them…
good luck, Jimi
(I’m in the Tysons/Fairfax market by the way)