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Updated over 7 years ago,
Property Underwater Near Canton, OH can an investor help owner?
BP! What's Up!
I was talking to a friend at work who owns her old house in Massillon, OH (near Canton, OH) and converted it into a rental. To make a long story short, she lives in the DC area, has family back in Ohio but had a property manager to oversee the property. The renters took horrible care of the property and the property manager never checked on the property. The home has been vacant over a year and the owner can't afford to fix it up or make payments. Lawyer advised her to stop making payments so the bank will negotiate with her. Now she's underwater, credits taken a hit, with an uninhabitable property in need of repair.
So I saw an opportunity for an investor to come in and solve a problem...which brings me here. Any advice I can pass on? Better yet is there anyone who'd be interested in purchasing the property and maybe saving my co-worker from a foreclosure and completely ruining her credit?
I can PM you the address and contact number if interested. I'm not soliciting, but I'd like to help my friend out and if I can help you get a deal then everyone wins. She just wants to be rid of the headache and save herself in some way.
Thanks in advance
-Michael