WWUD (what would you do?)

[Mike Mitchell]

An owner is willing to deed me his house. The recent appraisal is $236k, The balance on the note is $207k. I'm thinking of having him deed me the place, market it like crazy and get it sold. I'll do a title search. I've thought of putting it under contract and assigning it but then the owner will know what's left. Is assuming the deed the best strategy? It's in Albuquerque which is apparently a hot market at this time.