Majid Tahir
Should I sell or hold?
First of all I've just discovered the wealth of information here on BiggerPockets and its really exciting. I never knew before where to go with some of my questions, but it looks like this forum is a great resource.I...
Account Closed
Underwater Foreclosure If Payments are Up to Date
Can a lender typically foreclose on a single mortgage property when it goes underwater, if the payments are kept up to date? In this example, lets say the mortgage is for $500K and the property was $700K and is now wo...
Sandra Johnson
Underwater now, what's best way to get out?
I'm a new member, just days old to this site, not sure I'm posting to the most appropriate forum. Friends praise this site, I'm seeing why!
I've read lots of rent vs sell topics, some applied to me, some not.
I live...
Jack Trader
Vacant Home - under water - current on tax bills
Hi BPers, I recently bought a foreclosed property and while rehabbing it, realized that the next door house was vacant. Upon some investigation I found that it was underwater (mtg owed $400k; house is worth about $225...
John Backus
Under water on house- Is forclosure an option?
Hello, I'm looking for some advise on what to do. In 2006 my wife and I purchased our first home in Lansing, MI. Honestly, I believe we overpaid unfortunately, and it cost us $107,000. We had an FHA loan with no down ...
Lamont Marable
Under Water Deal - How should I help her?
I have a lady that would like to sell her home but she's underwater. - Home value 138,000 - Mortgage is 210,000 - She has a tenant in the home - Mortgage is late and tenant pays on time- The house is in Waldorf Maryla...
Account Closed
What should I do when someone is underwater?
Hey everyone, I keep running into a problem, which is getting leads where the home owner is underwater. Example: I got a call today about potentially buying a home with an absentee owner. She said her tenants lease is...
Shannon Young
Wholeselling Where 1 in 4 homes is underwater
Hello All,
Are wholesale deals still happening with so many homes underwater? I live in the woodbridge va area which is 20 min south of D.C. I use to see the "we buy houses" signs all the time. Now I see none. have...
Matthew Hall
Potential first deal-Seller finance my underwater home?
In searching around I ran across this post on another site from a member with an underwater home that he was looking to get out of by offering seller financing:http://www.reiclub.com/forums/index.php?topic=4812...My s...
Luna B.
Underwater rental in California, best way to exit?
I bought a rental property in Clearlake Ca in 2004 for about $125,000 ( A house and studio)I now owe $95,000 on a 1st at 6.25%. CitimortgageIf the house was all fixed up I might get the $95,000, but it is in need of ...