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Updated over 7 years ago on . Most recent reply

User Stats

32
Posts
5
Votes
Erik Jason
  • Investor
  • Schertz, TX
5
Votes |
32
Posts

Homeowner underwater on mortgage

Erik Jason
  • Investor
  • Schertz, TX
Posted

Hello BP,

I'm a novice investor just outside San Antonio, TX. I've found an older couple that needs to sell their house, but their underwater on their mortgage. The house is in very good condition, but they've refinanced the house a couple times and now owe about $50k more than market value. Are there any viable options here for an investor to help them?

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