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Updated almost 6 years ago,

Ira Jeter's profile image
Ira Jeter's profile image
Ira Jeter
  • Member since Jan 22, 2019
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16
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2
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Ira Jeter's profile image
Ira Jeter's profile image
Ira Jeter
  • Member since Jan 22, 2019
Connect
Ira Jeter
2
Votes |
16
Posts
Foreclosures

15k in arrears, go or no?

Ira Jeter
Posted

3 bed 2 bath 1200 sqft single family

Principal Loan: 94k + 15k arrears/taxed&fees = 109k

ARV: 120k

My question is would this be worth a 15k down payment to stop the foreclosure, and use owner financing to possibly rent or sell? The condition of the property is decent, just needs a paint touch up on the inside of the home.

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