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Updated over 1 year ago,
Subjecto mortgage is higher than rents in the area
So I have an opportunity to get a subject-to but the mortgage payment is higher than the rents. Is there anyway to make this work? Below is the information. Thank you
Bought the house for $240,000 with a balance of $233,737 6% interest rate $2050 payment Comps are $255,000
Rents in the area $1600-1800