Short Sale Questions
BPO 80,000
licensed appraisal 83,000
balance on mortgage 64,000
back taxes including this year 7,600
seller is 3 months behind on mortgage and is no in loss mitigation dept, seller will file bankruptcy if I dont buy property.
QUESTION is should I include all of the following items or just taxes, and repairs as part of my package.
taxes 7600
heater 3100
termite repair and treatment 500
broken door replacement 140
replace or repair leaking oil tank 390
tree removal/trimming off rain spouts500
outside inside paint 1550
real estate agent commision 4300
home owners insurance 400
loss of interest on 55,000 for 9 months at 7% 2587
attorneys fees 1975
property cleanup and eviction 1250
sellers closing cost 1800
total loss to mortgage company 26,092
I am sending hardship letter, heater estimate etc. Pictures of termite damage etc. I figure they will get 75,000 minus 26,000 = 49,000 instead of 64,000 loan payoff. Should I offer 52,000 which would cost me 52,000 plus 7600 taxes and closing costs?
thank you
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