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Updated over 4 years ago,
Fix foundation or sell property
SFR property bought turnkey, currently there are foundation issues (newbie mistake, bought at peak of market without an inspection done). Should I sell the property at a huge discount and pay the remainder of the loan balance or fix the foundation ($17-20K). After two inspections (Ram Jack & American Foundation Company), the foundation urgently needs to be repaired. SFR IS IN Chattanooga, TN. Any advice greatly appreciated, still in the process of learning. Thanks.