Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 17 years ago, 05/25/2007

User Stats

9
Posts
0
Votes
N/A N/A
0
Votes |
9
Posts

predicament

N/A N/A
Posted

Here's the story as it pertains to a friend of mine.

He moved into a home, with a lease to own option.

He put a significant amount of money down on the home.

The current mortage holder, who does not live in the home, leases the home to my friend.

The current mortgage holder does not pay the mortgage on time.

The home is in foreclosure now, 30 days from the final "date" pf foreclosure, when the occupants are given 20-60 days to vacate the premise.

Some investors want to buy the home from my friend for 165K and sell it back for 220K.

Am I being naive in thinking that there might be a creative way to save my friends home and have all parties profit at the same time? (please go easy on a newb).

Loading replies...