Types Of Deals For Different Situations
As I've read online and in my CS course the key to investing is finding the motivated seller. And sellers can be motivated for a number of reasons. Such as Divorce, job transfer, death in family, job loss, etc. etc. etc..
So here's my question.. Say you have a seller who is in the middle of a Divorce. Husband and Wife are parting ways and need to get rid of their house. Everything will be split 50/50 and assets are likely 'frozen' until the lawyers hammer out the settlements..
How would you approach this seller?
I ask because this situation may be my first deal.. maybe.
Thanks...
I am not a guru, but you will need to see when the dust settles who owns what - I think trying to do a deal now would not work. [ Edited by gambler56 on Date 05/08/2004 ]
denisl,
Send them both a letter and offer your assistance to help them amicably settle the sale of the house. Keep your self out of the line of fire and just keep to the house issue.
Good luck