Loan Discount / Short Sale - Posted by SnowStorm

Posted by SnowStorm on September 17, 2003 at 18:52:27:

I have a lendor interested in selling a loan for a property I just took “subject to”

The property is worth 50k, after a 10k rehab. The note is for 41k.

The property is set to foreclose auction in 20 days.

What should I offer?

Thanks
Doug
800 667-4822
www.snowstormproperty.com