Posted by Joe (Oh) on May 19, 2003 at 15:39:32:
my bad 
Not sure what to do with this one… - Posted by Joe (Oh)
Posted by Joe (Oh) on May 18, 2003 at 11:29:12:
Someone called me up (of course) the said that they have a house that just needs a new roof and is willing to walk away cause they are relocating. She said they bought it for 69.5k 3 years ago and took out a loan to bring up what they owe to 79k(forgot to ask when they took that out, it must have been a while cause they used the extra money to fix up everything else excpect for the roof. They have no idea what the current FMV is, I’m looking into that myself. Is this doable if I put a t/b in there? or am I in lala land and I’ll have to give them the bad news?
Thanx-
Maybe I can help - Posted by Ben (OH)
Posted by Ben (OH) on May 19, 2003 at 13:43:42:
Where in Ohio?
Re: Not sure what to do with this one… - Posted by David Krulac
Posted by David Krulac on May 18, 2003 at 18:22:57:
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what’s it worth as-is?
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how much fix up costs including the new roof are needed?
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what can you sell the fixed up house for after you’re done?
In some areas a house worth $70k three years ago may not be worth much more than $80 today, which if the case here means there is no profit, without a short sale.
Re: Maybe I can help - Posted by Joe (Oh)
Posted by Joe (Oh) on May 19, 2003 at 15:38:01:
The houseis over in the colerain area, Lapland drive to be exact