Re: Seller in bankruptcy - Posted by Rick(CA)
Posted by Rick(CA) on January 17, 2001 at 02:18:11:
I’m not sure what your real question is. Assuming for a moment that her appraisal is correct, and your numbers are the ones you meant to type…
You’re looking at someone who want’s to sell you her house for $110k and it’s value is $150k… that’s 40k in equity! Are you worried that this deal is too skinny or something? I’m really confused, so please don’t take this as criticism.
Have your family check it out. Get the address and run a comp check yourself, then get it under contract. Get creative and work it out with her.