Almost New REO – L/O Tenant In Place…
Wow, what a great REO opportunity!
This gorgeous home was built in 2007 and sold new for $680,000… It was purchased as an investment and occupied by a Lease/Option tenant. Fast forward only 15 months later: The tenant is still living in the home, but now the bank owns the property. After taking it back at the reduced opening bid of $441,600 we have negotiated with the bank.
The result: They will take $350,000 or even less than that if a qualified buyer or cash buyer can close quickly!
And the best part: The lease/option tenant still loves the house and would be happy to stay at $2,900/month or even more! Absolutely no repairs, huge equity position, cash out with the L/O buyer once the market recovers. This is a no-brainer deal for cash or credit investors! Let’s do it!
Email tom.b@CaWholesaleDeals.com or call 626-232-6773 for details!
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