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Old 07-08-2010, 01:46 PM  
~Ray
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Apologize to him and tell him you will give him $5000 over the amount he owes on the house if he will sell it to you. Here's 3 reasons why he should...

The borrower/owner sells the property to a third party during the pre-foreclosure period. The sale allows the borrower/owner to pay off the loan and (#1) avoid having a foreclosure on his credit history, (#2) he gets $5000 from you and (#3) he will not have to move. (renters)


example:
He owes = 75,000
You offer = 80,000
Value of house = maybe 110000

It's easy to qualify for an investment property mortagage with those numbers.

Then you rent it to him for less.. that way you have 2 homes but the second only cost a few hundred on top of his rent... plus all of his plants are belong to you.




and you get his house for a great price I'm sure.

Last edited by ~Ray; 07-08-2010 at 01:58 PM..
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