PRIVATE MONEY NEEDED 50% LTV FORECLOSURE BAILOUT

If you would please have someone give me a call,,I have a Dr,, that has 13.7 acres on a lake here in Marion county fl.. with a 3600 …

If you would please have someone give me a call,,I have a Dr,, that has 13.7 acres on a lake here in Marion county fl.. with a 3600 sq ft primary home 1100 sq ft guesthouse,, 2 concrete center aisle barns with apartments/and or kitchens in them.. tennis court.. appraised in December 2007 for $1,600,000 and 2 months ago at $1,575,000.. Ex wife lives in property Dr does not,, they are divorced she was suppose to be making the payments with the alimony payment he has to send her.. she was not making the payments property went into foreclosure 2month back.. He is looking for 50% ltv .. total loan amount of $787,000. to payoff of the foreclosure attny for 525k ,, he wants 80k cash out to fix up the place,, and will put 12 months of payments in escrow.. Exit stategy is to hold onto for another yr or so to sell it…
Looking to close quickly.. we have both appraisals/title/insurance/survey..
Let me know if this is something that you would be interested in.

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