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Results (4458)
Chad Rupp Underwater rental property. Keep it or short sell it?
29 June 2020 | 29 replies

I would love your advice. Should I keep this rental property or should I short sell it?I have a condo in Algonquin Illinois (3 bed, 2 bath, 1890 sq/ft) that I had bought for $265k in 2006. I have about 40k in equity i...

Ian Dyer Need advice to unload underwater home in Jacksonville FL
10 January 2016 | 3 replies

Thinking about lease option. Owe $194k. Worth about $160-180k. Was thinking about using Ron LeGrand's lease option forms. Any suggestions?

Jamie Gruber Underwater on a rental property in NY -- any ideas?
16 January 2016 | 8 replies

Hello all .. I'm new to the forum and my wife and I are beginning to pursue real estate investment .. but we're unfortunately not rookies.  I wanted to see if perhaps anyone had any other ideas with a situation on our...

Steve Ellison Options for underwater home if I want to move
2 July 2015 | 11 replies

Hello.  I have a simple problem which might have an obvious solution, but I’m hoping that someone more knowledgeable can provide feedback in case I’m missing something.I bought a very nice condo/apartment in a new mix...

Matt McCain Sell or pay down underwater SFH in Central Washington
27 December 2016 | 5 replies

Hi there. New to BP. Wondering if I can pick the collective brain on a tough rental I've been wrestling with for years. I bought a SFH with a partner (who still owns half) in Ellensburg, WA over 10 years ago at the to...

Michael Gonzalez Buying an Underwater Property with Liens - Will They Transfer?
13 February 2021 | 1 reply

I am wondering if anyone has experience with something like this. The property is not a short sale. I got under contract and title reported the owner owes the state $556,000 in income and transient tax (the property i...

Account Closed Mortgage Underwater $30k After Almost 10 Years of Ownership!?
2 December 2019 | 31 replies

Hello BiggerPockets Community!I really need some advice on whether to hold or sell my rental property. Here are the details.In 2011 I bought my first home, a 1 bed + den, 1 bath condo for $227 000. I paid way too much...

Brian Adams 2 Killeen 4-Plexes Underwater $100,000 w/ Balloon due
21 June 2015 | 5 replies

Hello all -I have a seller with a problem looking for a solution.She owns two fouplexes in Killeen, TX (Fort Hood, TX) purchased in 2007 with two mortgages on each and has a balloon payment due in 2016 on the second m...

Bienes Raices Proposed gov't plan would allow underwater borrowers to refinance
25 August 2011 | 1 reply

http://www.nytimes.com/2011/08/25/business/economy/us-may-back-mortgage-refinancing-for-millions.html?_r=1&hp&gwh=1E3892162A33C834D3163EE4928B54CE

George Torres Please help my parents with advice--Underwater on mortgage
8 February 2016 | 8 replies

Hey guys, this isn't for me, but for the two people I love most in this world: My mom and dad...They bought a weekend home they can't afford. They got the financing from the builder of the property and now they fell o...