Skip to content
×
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
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
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 7 years ago on .

User Stats

20
Posts
8
Votes
Shantel James
  • Euless, TX
8
Votes |
20
Posts

Discount Cash Offer w/ Mortgage Balance

Shantel James
  • Euless, TX
Posted

What happens when you offer a discounted cash offer but a balance still remains on the mortgage?  Is that even possible?  For example, you have a motivated seller that owes $110K on the home.  He needs to sell because can't afford payments, had a lot of bad things happen during the year (in the house), and has found a job out of state to get away/start over and just wants out (whatever the reason, he is motivated). A fair offer due to market value and repairs ends up being $90K (leaving a $20K difference).  The seller is motivated enough to carry the $20K, but can the owner/seller accept this offer?  What would it look like?  Does this ever really happen?  Is this even a real deal? 

Just trying to work out offers/deal strategies and don't want to miss any that could be viable possibilities.  Thanks in advance...