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Updated over 11 years ago on . Most recent reply

Jloundia Edwards's profile image
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Jloundia Edwards
  • from Summerville, South Carolina
  • Member since Oct 25, 2012
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Jloundia Edwards
  • from Summerville, South Carolina
  • Member since Oct 25, 2012
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Jloundia Edwards
  • Summerville, SC
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General Real Estate Investing

Help!

Jloundia Edwards
  • Summerville, SC
Posted

I am new to investing and had someone come to me for help and I need help with options to present to them. They are currently 4 months behind on their mortgage $4500 and Wells Fargo is beating their door down. The balance on their mortgage is around $132k and home is worth about $172k. Is there anything I can do to help them at this point? Please help!

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Jon Holdman
  • Rental Property Investor
  • Mercer Island, WA
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Jon Holdman
  • Rental Property Investor
  • Mercer Island, WA
ModeratorReplied

Tell them to list their property and get it sold. If its worth $172K, they should net more than enough to pay off their mortgage.

Or, if they want to stay in the house, scrape up the money to get current on their payments.

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