If they sell at a discount, the call report takes a hit, therefore, they may actually want to wait until after the first of the year to sell if they can't afford the hit.

Omaha is a really affordable market to buy rentals in.

She has a few options:1) make up the back payments, fees and late charges to bring the loan current.2) If she can't afford it, sell.2a) if she's underwater and the lender will agree, sell it as a short sale.2b) if she's not underwater, just sell3) pursue a loan modification with the lender.

State and local eviction laws and moratoriums do override the PTFA, so state and local laws will prevail provided they provide a minimum protection similar to the federal law.In Georgia there is no statutory right of redemption for loans that are not classified as high cost loans (high cost loans are afforded redemption but I forget how long).

If they can't afford the 800 offer $5k and pay the back taxes of $800 if more it comes out of the 5k.

I like delaware because the real estate market up here is a little more stable (Safer) plus there are nice homes here that are a lot more affordable to the avg investor than that of florida'sI began my journey in RE a little over a year ago i started like most reading books (rich dad poor dad, ABCs to RE investing,the unofficial guide to real estate investing ETC) i love to read!

That's a game for people with deep-deep pockets who can afford to completely miss once in a while.

They could afford the property at $480K, but knew the sellers were unlikely to carry paper (multi owner estate prop).

and much more affordable than the other side of the pass (jackson, wy).

Their financial position has since changed and they are starting to rob Peter to pay Paul on payments.. aka every month getting further behind.The house Appraised at 172,000 they owe 145,000 only a 7 year old house and when you run the numbers if they ask 172,000 probably settle with 165,000 (96% of asking price) and then figure a realtors commission and closing fees and last year's property taxes (10%) $16,500 that brings it down to 148,500 roughly .At the end of the day they would walk away with $3,500 if they were able to find someone soon enough.My proposal to them is to be done with it right away so they can get out from having a payment they no longer can afford doing a sub to financing offer and give them 147,000 ( they get 2g in cash for moving or whatever they choose) I will turn around and finish the basement off .