Balance on the house is now $101k with comps in the neighborhood between $140-$155k.

But you can say I'm trying to balance the YouTube info/advice from these real estate gurus with Dave Ramsey's advice.

Foreclosure is a legal process that allows the lender to take possession of the property and sell it to recover the outstanding loan balance.8.

Quote from @Jordan McDonald: It may be years before the market balances out.

Sounds like it was probably a reverse mortgage, and the balance owing is higher than the property is worth.

Dangerous advice, considering Covid showed us lenders can call the entire HELOC balance due in 10-30 days.

You should gain more appreciation, so it’s all a fine balance & you have to weight each and see what’s best for you. 

If they don't pay the balance it will follow them if you report it/ send it to collections and it will stay on their record until the settle it, no other landlord wants to see that, or an eviction!

You would need to pay back the lienholder the outstanding principal balance of your loan plus any associated fees (Prepayment, discharge, etc.)

Balancing Privacy and Profit: How do you ensure your privacy while maximizing your space for tenant occupation?