I have a friend in the industry whom I have long accused of being a con artist for being in it. That said I think he's basically an honest guy or I wouldn't be good friends with him.
He has always said that it is a solid deal for: 1) unloading a property in need of much repair and you don't have the resourses to do it 2) a clean settlement of an estate with multiple heirs of equal claim to the property 3) escaping a situation where the property is in jeopardy of foreclosure / tax sale
Conversely admits all other situations are basically bad financial deals, but claims not as bad as naysayers think and some people are happy to take less for a quick and convenient sale.
I have a friend in the industry whom I have long accused of being a con artist for being in it. That said I think he's basically an honest guy or I wouldn't be good friends with him.
He has always said that it is a solid deal for: 1) unloading a property in need of much repair and you don't have the resourses to do it 2) a clean settlement of an estate with multiple heirs of equal claim to the property 3) escaping a situation where the property is in jeopardy of foreclosure / tax sale
Conversely admits all other situations are basically bad financial deals, but claims not as bad as naysayers think and some people are happy to take less for a quick and convenient sale.
(post is archived)