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Updated over 6 years ago on . Most recent reply

Stephanie York's profile image
Stephanie York's profile image
Stephanie York
  • from Rowlett, Texas
  • Member since Aug 22, 2016
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29
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2
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Stephanie York's profile image
Stephanie York's profile image
Stephanie York
  • from Rowlett, Texas
  • Member since Aug 22, 2016
Connect
Stephanie York
  • Rowlett, TX
2
Votes |
29
Posts
Buying & Selling Real Estate

<20% equity on preforeclosure

Stephanie York
  • Rowlett, TX
Posted

I'm working with an owner who's property will go to foreclosure in September. He has only about 17% equity in the house. Any suggestions? He may allow someone to take over payments until the house is sold. Reinstatement is about $70K. Is this something an investor could work with or is this a short sale?

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