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Updated over 5 years ago,

Account Closed's profile image
Account Closed's profile image
Account Closed
  • Rental Property Investor
  • from Atlanta, GA
  • Member since May 15, 2019
Connect
Account Closed's profile image
Account Closed's profile image
Account Closed
  • Rental Property Investor
  • from Atlanta, GA
  • Member since May 15, 2019
Connect
Account Closed
  • Rental Property Investor
  • Atlanta, GA
2
Votes |
16
Posts
Foreclosures

Preforeclosure bank wants 900k to settle debt to stop

Account Closed
  • Rental Property Investor
  • Atlanta, GA
Posted

Hi ,

There's a high end property in preforeclosure that is immaculate. The market value is 1.2m no real repairs needed.

Bank wants 900k to stop foreclosure process. But balance is $1043m on mortgage.

Can this be a wholesale assignment at all ? Or are these numbers just bad all the way around?

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