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Updated over 6 years ago,
Subject Property used as Collateral for Primary Residence
I am looking at a vacant property in my target neighborhood and from what county records indicate, the subject property has been used as collateral for the owner to purchase their primary residence. Provided there is enough equity in the property, I would like to purchase it as either a flip or rental. Does anyone have advice on how I could assist this homeowner in getting out of the property when it is being used as collateral?