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Updated almost 9 years ago, 12/06/2015

Sam Valme's profile image
Sam Valme's profile image
Sam Valme
  • Rental Property Investor
  • from Arlington, VA
  • Member since Oct 27, 2015
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User Stats

160
Posts
53
Votes
Sam Valme's profile image
Sam Valme's profile image
Sam Valme
  • Rental Property Investor
  • from Arlington, VA
  • Member since Oct 27, 2015
Connect
Sam Valme
  • Rental Property Investor
  • Arlington, VA
53
Votes |
160
Posts
Buying & Selling Real Estate

$100,000 unpaid balance

Sam Valme
  • Rental Property Investor
  • Arlington, VA
Posted

Hey BP team. I was browsing Zillow with my wife, going through some ugly homes. When I noticed a note on a foreclosure. 

This house is being sold for 19k. If a buyer was to purchase this house. Would they have to pay the "$100,000 unpaid balance"? That doesn't seem to make any sense to me. Either A. I'm misunderstanding what this is saying. or B. There has to be a way around paying this balance. The houses ARV is 40k. With an 100k balance the bank would never be able to move this house.

Thoughts?

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