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Updated almost 14 years ago on . Most recent reply

User Stats

76
Posts
15
Votes
Stephen Dillard
  • Specialist
  • Toms River, NJ
15
Votes |
76
Posts

Getting the property out of the owners name.......

Stephen Dillard
  • Specialist
  • Toms River, NJ
Posted

Is there any stategy you can use to help a homeowner get out of their house because they need to be cleared of the mortgage in order to finance another house. I received a call from a homeowner who has a home with $145,000 owed on the mortgage and the house is worth approx. $155,000(comps). The home is completely redone and tenant ready but I'm not sure what I can do because they want to be rid of the house. Seller financing, lease options, subject to....all those are out. Is there anything I can do or do they just have to list it as their only option?

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