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Updated over 10 years ago,

Account Closed's profile image
Account Closed's profile image
Account Closed
  • Real Estate Investor
  • from boston, New Hampshire
  • Member since Apr 18, 2014
Connect
Account Closed's profile image
Account Closed's profile image
Account Closed
  • Real Estate Investor
  • from boston, New Hampshire
  • Member since Apr 18, 2014
Connect
Account Closed
  • Real Estate Investor
  • boston, NH
32
Votes |
401
Posts
Wholesaling

what do i do with a house that is under water

Account Closed
  • Real Estate Investor
  • boston, NH
Posted

not literally. i dont know if there is a different way of wording it....

basically, he has 80k left on his mortgage. the market crashed and now the comps are running about 65k (without looking at repair costs)

he really just wants to get rid of it. but is this something i can work with? or is he screweed

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