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Updated over 6 years ago on . Most recent reply

User Stats

9
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1
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Keana Blaine
  • New to Real Estate
1
Votes |
9
Posts

SUBJECT TO POSSIBLE DEAL

Keana Blaine
  • New to Real Estate
Posted

I have a homeowner who has little to no equity in a property in the Memphis area ..the home can rent for 600$ More than the original loan monthly mortgage amount .. the arv is 175,000 the balance left  on the home is 152,000 .. WOULD THIS BE A DEAL TO DO SUBJECT TO ?! SHE IS FAVING FORECLOSURE AUCTION IN TWO WEEKS .. I’m just trying to help her not be put out during the holiday season . I’m thinking of asking  30,000 down payment from buyer for them to takeover catch up back payments & monthly note 

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