Re: AHHHHHHHHHHHHHHHHHHHHHH!! HEEELLPPPPPPP!!!!!

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Posted by dontjustrent on October 29, 2009 at 15:45:47:

In Reply to: Re: AHHHHHHHHHHHHHHHHHHHHHH!! HEEELLPPPPPPP!!!!! posted by Stan on October 29, 2009 at 15:24:36:

My thinking was,
I can make a cash offer to the bank for lets say $330-350k and then it will have equity with a value of 500k right? ofcourse I need to get the bank to accept it. The owner is open to anything and just wants out? Wouldnt I be able to get someone with cash if I have a contract for lets say 380k?
But how can I do this? Do i use a subject-to and then negotiate with the bank? do I set a price with the seller and then try to make a loan mod with the bank? I mean someone wil make money on this somehow, so how?
It is located in Berkeley, CA by the University.
I would love to keep the house if it was possible, but if not, what can be done?

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