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Updated over 10 years ago on . Most recent reply

Account Closed's profile image
Account Closed's profile image
Account Closed
  • Involved In Real Estate
  • from Lynchburg, Virginia
  • Member since May 31, 2013
Connect
Account Closed's profile image
Account Closed's profile image
Account Closed
  • Involved In Real Estate
  • from Lynchburg, Virginia
  • Member since May 31, 2013
Connect
Account Closed
  • Involved In Real Estate
  • Lynchburg, VA
75
Votes |
246
Posts
Tax Liens & Mortgage Notes

Underwater 2nd NPN on rental property

Account Closed
  • Involved In Real Estate
  • Lynchburg, VA
Posted

Hey guys,

Quick question. What is the typical scenario if you own a 2nd NPN on a rental property that is very underwater, and the borrower files chapter 13 BK? Best exit strategy?

Thanks.

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