But, you still own house and benefits are as follows.1. tax benefits2. principal payoff on your note.3.

I pay down the HELOC each month and would end up paying about $2,200 in interest over 13 months + the $50k principal.

Principal Paydown:  Cash Flow:  Tax Benefits: Savings from depreciation and interest deductions.For a deal to make sense, at least three of these components—home appreciation, cash flow, and principal paydown—need to be strong.

Quote from @Shawn Questa: Hi all,I am curious what some of the Pros would do to Help a Seller in this situation while making a Deal happen.I found a 200+ day old MLS Listing where the Agent said the Seller is in Financial Ruin, hasn't Paid the Mortgage in a year, owes about 180k on an approx. 210k House and multiple Buyers have backed out.I don't know how someone could not Pay their Note in a year and not at least be in Pre-foreclosure. 

We owe about $50,000 for the 2 lots.  

I dont like any company personally that does not put their principals on their website as in meet the team.. ... 

My role does not require any underwritting to deal presentation to the principals.

@James Boreno You’ll likely owe taxes, but don’t forget to account for your adjusted cost basis, which factors in the original purchase price, depreciation over 10 years, and any capital improvements.

The balanced owed on the property is about 97K. 

They have always returned principal when requested in the past, as well.