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Thursday, March 17, 2005

House 8 Callback

Last night I got an interesting phone call from the listing agent for House 8. This was a house in Mesa that I figured had a FMV of $115,000- $120,000 and was listed for $117,500. It was going to foreclosure auction on March 18th. The agent told me they managed to get the auction date pushed back a week, but they are having difficulty selling it. They have had four different sales fall through because the buyers couldn't get funding. As a result, she was calling me because I was one of the first people to put in an offer and my offer was an all cash deal. She said the price was now $113,000 and the seller's couldn't go lower because of the penalty charges that have accumulated on the loan. I told her I appreciated the call, but I have already bought another house and did not have any funds available at this time. If anyone is interested in buying this and can close in a week, let me know and I'll pass on the details.

This is the first time someone has called me with a deal. Even though I couldn't do it, I like that a deal was brought to me instead of me looking for a deal. I hope this happens more often!

1 comment:

Bginvestor said...

Shaun,

I wonder if the seller would be interested in paying the buyer at closing to avoid foreclosure? This happens all the time.

I like getting calls too. ;-)

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