Follow up

Scott CostelloAll, Blog Leave a Comment

The Call

This guy called 3 times with in a 24 hour period. The first two calls I missed while I was at work on tuesday, but he called again wednesday around lunch so I picked up. I explained what I did and then asked if I could call him back later that night at 7:30. Bill Guerra says this establishes trust because you follow through and now he has confidense in what you say.

The details…

His house is has a ARV of over a million. 6 beds 4.5 baths. He recently lost his job and was on disability and couldn’t cover his mortgage. It was built in 1998 and he owes around 1 million on it still. Looks like he refinanced in 2006 to take all the equity. He is definitely motivated but doesn’t really have alot of equity, maybe 100k, but that’s to tight for a house worth upwords or a million.

I passed it along to the guys at NJQuicksell. They will try a short sell and maybe help the guy with a loan modification.

Buyer for Seller
Jarred got another house in Whippany so I pushed the house onto my buyers list and one of the guys has a guy who is interested. The guy wants to finance though and Jarred is looking to assign the contract. Not sure how this is going to work out, but we’ll see.

Scott Costello
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