Sat, Jul 04, 2009
|
Author |
Bank Foreclosure |
0
Posts
Member Since: 12/31/1969 Join 's Network
What's My Favorites Network? |
Posted: 10:24 on 03-30-2003
I found your site when looking for information on short sales... thank God... Heres my question>>> I'm looking at buying a property that's in foreclosure and listed with a realtor. My first thought was to buy it short sale, but because of the legal fees and real estate commission, I have decided to approach the seller to allow me to assume the mortgage and pay the back taxes while trying to get the bank to wave the legal fees. I would be saving about $45,000 in commission and legal fees. Once this is accomplished, I would refinance the property and let the seller walk away with something in his pocket.Is this legally possible or am I way off base? The seller has also told me that someone bought the tax lein on the property...how does this impact what I'm trying to accomplish? HELP!!! 
Profile of
 Edit/Delete Post
 Quote this Post
| |
|
