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Updated over 14 years ago,

User Stats

16
Posts
2
Votes
M A.
  • Real Estate Investor
  • El Paso, TX
2
Votes |
16
Posts

Behind in payments, but with equity

M A.
  • Real Estate Investor
  • El Paso, TX
Posted

A seller contacted me yesterday with the following problem:

She owns a property that is worth 170K
Her remaining mortgage balance is 100K
She is 5 months behind in payments.

She wants to sell, but doesn't want to lose all her equity.

I normally only do short sales, I dont really know how to proceed with this one. How can I help the seller and still make a profit. Advise needed!

Thanks in advance!

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