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Updated almost 8 years ago on . Most recent reply
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Preforeclosure Lead - Options? Walk away?
Hello BP,
We've door knocked on a VA loan that was in pre foreclosure but the numbers are way off. Auction is next month.
What are our options to help this vet? Maybe just advice to him...
Mortgage amount: 229k
Reinstatement Balance: 23k
Escrow: 7k
ARV: 241k
This years tax appraisal has the house at 252k. But it is not in an appreciating area.
He's getting divorced and having some bad times. Any helpful guidance on how we can direct him vs eat the foreclosure?
Thanks!
--Michael Morrow