I've attached details on the North Hampton foreclosure that many expressed interest in (this area).
This comes with quite a bit of luck. First, I am working a LARGE short sale with this lender for another property. Second, I have TWO LOANS with this lender that they do not want to lose: Leverage. Further, I found RESPA and Loan servicing violation concerns which jeopardize licensing. And finally - the house needs two slate stairs mounted and an oven and fridge $400-$1200 total. I combined all of that leverage and that "we're heading into winter" (though the house was winterized in the warmer months" and have to commit (1) not to share RESPA violations, (2) to keep my loans with them for a minimum of two years, (3) complete the other transaction (unrelated)
Here's how it panned out:
- Combatting a Town 100% Tax assessment: $415K
- Combatting their Firm Asking price (to a retail buyer): $375K.
- ASSUMABLE POSITION WE'VE NEGOTIATED: (don't worry about my commitments to the above conditions) $299K!
- WE NEED SOMEONE TO TAKE OUR POSITION AND GET THIS HOUSE FOR OUR OTHER DEAL (we've done the work!).
We'll PAY $ TWO THOUSAND DOLLARS FOR
REFERRALS if we close on your referral.
-Jude Augusta www.ForeclosureFix.com