I thought this was a terrible counter offer, I have financing, I don't desperately need financing.

I bet dollars to donuts this person is doing it.Also, a car is both a terrible and great way to judge someone's income and priorities.

I see offers all of the time from wholesalers in MN offering terrible deals that could possibly get an inexperienced investor in a bad situation.  

It was terribly run.

I've always felt the articles here are terrible, BP turned into the buzzfeed for real estate, no content just crap.

Yes I've been watching a few youtube videos of the replacement process and doesn't seem terrible but who knows what you'll find when you remove the window. 

@Brie Schmidt that's terrible about your dog but that's really a fantastic analogy.

Is it in a terrible neighborhood? 

But $651 would not satisfy the loan and release the lien, as there is a prepayment penalty, and I have a faxed official pay off quote from them that's in the mid 700K's.The attorney who arranged the modification has not returned my calls, so I'm really not sure how the principal grew, but I'm guessing it is indeed a penalty, or related to the terrible terms of the mortgage.So indeed, if there was an overage, it would likely be a small amount of money.I appreciate your suggestion, but that would yield something like 10 - 20K, but I'm still pretty sure there is a way to net 200K - 400K if structured properly. 

A lot of folks around this side of the state have a tough time finding even 200 a month cash flow, so that's not a terrible deal to hold onto.