Updated over 10 years ago on . Most recent reply
Behind on Mortgage
I have a seller that wants to get from under their house. It is currently vacant and they are behind on their payments. Since they are in the military and had to move quickly, they are protected from being foreclosed on. Its valued at $110,000 and they owe around $90,000. I do not have the exact payoff yet ( wont get that until) tomorrow. My question is, what can you do when a person is behind on payments? The house does not need anywork ( his mother used to live there but recently moved.