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Updated almost 8 years ago,

Mike Rice's profile image
Mike Rice's profile image
Mike Rice
  • from Aurora, Illinois
  • Member since Mar 29, 2016
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4
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1
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Mike Rice's profile image
Mike Rice's profile image
Mike Rice
  • from Aurora, Illinois
  • Member since Mar 29, 2016
Connect
Mike Rice
  • Aurora, IL
1
Votes |
4
Posts
Foreclosures

Potential Short Sale Deal Question

Mike Rice
  • Aurora, IL
Posted

Hello all! I just saw a property that I am considering making an offer on and its a short sale. The home owners refi'd the home 2x and they owe $200k but are only asking $175k for the home. if I were to take this deal at their asking price, does this mean that I will be walking into negative equity on the home?

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