[WSBARP] Need to Fix and Sell House With Problems

[Dave Culbertson]

Hi Land Gurus.
An acquaintance has a house that has deteriorated in the Marysville area: divorce, job setbacks, the house has been sitting unoccupied and is in bad but not hopeless shape. Mortgage hasn't been paid for a few months, so foreclosure will eventually start to happen (hasn't so far). So now it's time to do something about it. The house is fairly large, as is the lot, and it's a decent neighborhood. Mortgage is about 200K, and estimates are it could sell for upwards of 450K. So, there is a prospect for fixing it up and selling. But not a lot of money in advance to pay for that.
Any suggestions for reputable contractors or flippers who might be interested in doing the rehab for share of the sales price?
(Don't know if that is realistic or how it is generally done, so any thoughts on how the contract for such a deal would be set up are welcome).
Thanks in advance.


Best Regards,

Dave Culbertson

The Law Office of Davisson Culbertson
PO 20403
Seattle, WA 98102

Phone: (206) 478-8134
FAX: (866) 867-7796
dculbertson at culbertsonlawoffice.com<mailto:dculbertson at culbertsonlawoffice.com>


-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://mailman.fsr.com/pipermail/wsbarp/attachments/20241105/d0b38f75/attachment.html>