From: "SteelVest" 
Newsgroups: alt.invest.real-estate
Subject: Re: FORECLOSURE and options? Can anything be done?
Date: 17 Sep 2006 18:52:34 -0700
   posting-account=36SKpwwAAAC4iaVgVaXf6nO0f05L_ThM

look elsewhers - this IS NOT a deal and probably is NOT even with the
second foreclose upon by the first lender
realassets@gmail.com wrote:
> you can do a lease option on it form the seller. then lease option it
> to someone else. get a 90 day no payments in your first option so you
> can have time to sell it in the second lease option. and get a good
> down payment in the second one, none in the first.
> thats one option for you.
>
>
> Jan wrote:
> > A single family house is in foreclosure. First mortgage is about
> > $350,000.00 the second is equity loan about $90,000.00. The market
> > value is about $510,000.
> > Owner wants out and agreed on selling for $444,000.00. Market has slow
> > down in our area.
> > Any advice?