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Updated about 14 years ago on . Most recent reply

James Lockhart's profile image
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James Lockhart
  • Real Estate Investor
  • from Louisville, Kentucky
  • Member since Mar 18, 2010
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James Lockhart's profile image
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James Lockhart
  • Real Estate Investor
  • from Louisville, Kentucky
  • Member since Mar 18, 2010
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James Lockhart
  • Real Estate Investor
  • Louisville, KY
0
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Innovative Strategies

NEED SOME HELP

James Lockhart
  • Real Estate Investor
  • Louisville, KY
Posted

Hello everyone, my name is James and I need some help on a deal. I am looking at a house that has a $58,000 mortgage, the market value is any where between 60 and $70,000. Does anybody have any ideas?

Thank you
James :D

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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

Sounds like you would need to do a short sale for it to be worthwhile.

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