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Updated over 14 years ago,
Behind in payments, but with equity
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!