3800 E. Lincoln Drive Mystery
I got a call from my favorite Hard Money Lender saying there is a 5000 sqft house in pre-foreclosure and the auction is next week. Naturally, I said “Fantastic”, lets help them out. In doing the due diligence on this property. Here is what I found:
They have owned it outright since 1996
In 2001, they put 965k loan on it
Its 5033 sqft on a 6160 sqft lot
Built in 1987
Very nice part of town near Paradise Valley
Lien #1 720k
Lien #2 232k
HOA Lien 12k
Judgment 865k
Total encumbrance 1.83Mil
Most Investors would stop there. I think ARV could top 3Mil. So I am definitely interested. I attempted to skip trace the phone and email address. No luck. So I built a small intro package and drove it over there.
Unfortunately, this is a guard gated community with a real Guard. He was very nice and attempted to call the Owner. Owner was not home. As he was shooing me away. I asked if he could get the package to her. He said YES and took the package.
There is no way that I know of to contact someone in distress than by phone, email or knock. My plan B is to have my Social Media Assistant see if she can find her on SM. We shall see. Will let you know if more develops.
I could help this lady thru buying her house and paying off all the debts or I could list the house using my www.5kflatfeelisting.com service. Either way, it gets them out of hot water. Let me know how I might be able to help you.
Buyers get: Sellers get:
FREE Home Inspection 5k Flat Fee Listing
FREE Termite Inspection FREE Home Inspection
FREE Home Warranty FREE Termite Inspection
Best,
Geoff Nowlin, Phoenix Realtor
480-466-3737
nowlin.geoff@gmail.com
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