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Updated over 9 years ago,

Nicole Allen's profile image
Nicole Allen's profile image
Nicole Allen
  • Specialist
  • from Washington, DC
  • Member since Jun 30, 2014
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16
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3
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Nicole Allen's profile image
Nicole Allen's profile image
Nicole Allen
  • Specialist
  • from Washington, DC
  • Member since Jun 30, 2014
Connect
Nicole Allen
  • Specialist
  • Washington, DC
3
Votes |
16
Posts
Buying & Selling Real Estate

Buying out my Mortgage

Nicole Allen
  • Specialist
  • Washington, DC
Posted

I want to settle my 65k home mortgage with cash. I'm thinking about offering 25-30K.  The mortgage company seems eager (property is underwater) to entertain offers. Any advice or thoughts of this settlement.  I'm sure I will receive a 1099 for the amount forgiven and I will own the property outright after that.

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