How to negotiate with seller for short sale?

[Administrator]

I placed an offer on a house for $140,000. the seller offered terms including cash sale without contingency except an inspection. The seller has $160,000 in 3 mortgages against the house and also 2 judgments on which he doesn’t know how much he has to pay. I do like the house but I don’t wanna pay for the seller’s debt. I can maximum pay $145,000 , so it will be a short sale I presume. The seller has been so far paying the mortgages but he’s in financial problems and not to forget 2 judgemtns in past 1 year. Any idea on how I can negotiate with seller?


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(Source: mortgagefit.com)