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Updated over 10 years ago on . Most recent reply

Some equity but behind on payments, thoughts?
Hi, I spoke to a homeowner who owes $200K on a 4/2.5 SFH. However, they are 6 months behind on payments and owes about $11K in back mortgage payments. PITI is $1500/month.
Comps are coming in at about $225-250K. Is there any solution for this situation?
Thanks!