Wholesale Deal gone wrong. Looking for solutions

[Jack Miller]

Hello all! 

Well, after a further review at the title company, unfortunately my first wholesale deal seems to be falling through. Owner is unexpectedly in over their head on the property about $30,000 after further review of their foreclosure fees and I want to find a solution to be able to get this headache off her hands. 

I’ve done some research on creative options I can use to possibly to solve the problem and “Subject to” financing has shown up a few times. Does anyone out there know a good low money down next step for me in this predicament? 

Thanks in advance!

Jack Miller

[Wayne Brooks]

1) if the property is worth $30k less than the mtg, who would want to take it over...and why?

2) there will be a decent amount of money owed for the arrears on the loan to bring it current, to avoid foreclosure.