Good chance you can have a conversation with the holder of the second and let them know they could own this property unless they drastically reduce the interest rate and payment.Only make the effort if you would consider keeping it.

Just got one reduced from $35,000 down to less than $5K.

We have a little thing called Wind Mitigation that can reduce that cost, though.

I want to become a landlord so my pockets can swell up too.

I'm sure it was an honest mistake.As I based my offer on $100 per sq ft = $300K, should I now reduce my offer to 270K = $100 sq ft x the correct square footage of 2700?

Be sure to do a hold open on the purchase, which will reduce your title insurance costs when you sell.I didn't go through the math item by item, but the calculations look about right to me.

If you never plan to move and you purchase a home for the cost of current rent you will reduce a significant amount of liability in the long run.

Take into account adding or reducing the value of features such as number of cars in garage, exterior make up, and age of home as a comparison too!

I know for a fact that trying to sell a hoe near or in the flight path of an airport will reduce your buyers pool and thus, reduce value.

At that time, the price of the property was reduced to reflect the value.