Updated almost 9 years ago on . Most recent reply
buying upside down properties
If you see a property owner who is in trouble, and let's say his loan is for $200,000, and the ARV is $180,000. And you want to offer him $117,000. How does this work? Will the deal have to go through a Short Sale specialist? If he agrees to the deal, what happens to the balance ($83,000) of his loan?
Thanks.
Michael C. Gregory
Remedy Investments, LLC
Most Popular Reply
Brent:
The question is: How do you buy underwater properties and make a profit?
Thanks.
Mike