Sheriff Sale/Problems - Posted by Chas Bryant

Posted by John(NH) on April 14, 1999 at 12:19:27:

  1. Hard money lender - ASAP!
  2. How’s your credit limit? (CC cards, lines of credit, etc)
  3. In the future, always have a backup plan.

Also, from what I’ve heard the general advice is to never let them stay. If they can’t/won’t pay their mortgage, how can you count on them to pay you?

Sheriff Sale/Problems - Posted by Chas Bryant

Posted by Chas Bryant on April 14, 1999 at 06:46:09:

I purchased a home at a recent Sheriff Sale at 2/3 the
apprasial value at 10% down payment. My investor as
failed to come up with the financing with the balance
I have 15 DAYS to come up with the balance. Ideas HELP.

Also, the former owners of the property wants to buy the
property from me but they have D credit and only $1,500
to put down as a payment. I owe the Sheriff $25,000.00
the market value of the house is $59,000. IDEAS HELP!

P.S. Previous owners are still in the house. Begging me
to stay.