Short Sale Or Sub 2?

Saw a house today that is in very good condition, no repairs needed. Needs frig and stove. Owner is in foreclosure and needs $3200 to catch up and keep house from being sold on Dec. 15.

Would a short sale be a better way than paying $3200 and buying sub2?

Any thoughts are welcome and appreciated.

[addsig]

Comments(1)

  • JohnMichael28th November, 2004

    It really all depends upon what is owned Vs market value.

    You can get into the property based upon a sub w for under $3,500 or get into it for the full price of a short sale.

    If you do not have cash or credit to purchase than a sub 2 would be the best form of investing.
    [addsig]

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