Bankruptcy/Foreclosure/Subject-to

[Bryn Davis]

Hello all, Not having a mentor and needing advice I have decided to stop lurking and post for the first time. I have a coworker who went through a bankruptcy 4 years ago and he told me that his house was included in it and just now is being foreclosed on but they are telling him they are willing to negotiate. He wants nothing to do with the house and hasn't lived in it for a year. I am thinking there is an opportunity for him to negotiate again and then do a subject to with me as he just wants out. He owes more than the house is worth because of multiple refinances but his payment is really low because of his rate. I would most likely rent it out but am open to any ideas so I would love to hear what creative ideas you all have! Thanks in advance!