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Updated over 8 years ago,
What to do with a property that's in trouble
Hello and greetings to the biggerpockets community,
Yes, that includes both Josh and Brandon. :-)
I would like to know what options I may have with a property that's in my control at the moment.
The owner has not made a payment and not lived in the home since 2013. The only reason it has not yet gone into foreclosure is because he is an army Sargeant and has thid, solder/sailor protection clause.
According to the bank that holds the loan, they want a buy out of 174,000 but that is way more than any house in that area.
The house is in Killeen TX, 5 minutes from the army base, and 12 minutes from the a University.
What can the community suggest me do?