1st deal is a short sale for 80,000 the current loan is 270,000. This is my friends home and he wants to let the home go and move into something bigger for the same price at 270,000-285,000. Should I buy the bigger home or buy the smaller home. The bigger home once had a loan of 550,000.
2nd Deal is a foreclosure and they want 120,000 with a 15,000 second loan to fix it up. But the house already has a value of 200,000. What to do? Please help DG folks. Thanks
1st deal is a short sale for 80,000 the current loan is 270,000. This is my friends home and he wants to let the home go and move into something bigger for the same price at 270,000-285,000. Should I buy the bigger home or buy the smaller home. The bigger home once had a loan of 550,000.
2nd Deal is a foreclosure and they want 120,000 with a 15,000 second loan to fix it up. But the house already has a value of 200,000. What to do? Please help DG folks. Thanks
Luis Villalta
(323) 841-4480