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Updated over 11 years ago,
Opportunity - Upside Down Property what to do with it?
Hey everyone,
I'm a realtor in Metro Detroit and I have a client who is looking to sell her Detroit home in decent neighborhood. The home is upside down owes $54k on it, it's probably worth about $30k. The home does have a section 8 elderly tenant in the home who has been paying for rent for 20 years.
Any ideas on what I can do here, it would be nice to take it off her hands maybe assume the note?
Any thoughts and ideas are greatly appreciated.
Thanks!
James