Amy G.
Underwater House, Can Motiv.Seller avoid ShortSale?
Hello BP,
I have a motivated seller who would like to avoid short sale, but has told me his house is worth 300K and he owes 600K! Initial research shows comps are $425K but house, purchased in 2000 is trashe...
Chris Calabrese
HARP Loans on Underwater Investment Properties?
I guess this is old news, but I just saw that they updated the HARP program (HARP 2.0) to include investor loans and eliminate the 125% LTV requirement. Has anyone heard of any successful refi's through this program,...
Nick Arenaso
Need advice on an underwater investment
I hope I am posting in the right forum. If not, please let me know and thanks in advance for not judging me on my bad investment :)In 2007, I thought I could make some $$ on a preconstruction flip.I bought a very nic...
David Cooper
Delinquent Under Water Home Mortgages Declines
Delinquent Under Water Home Mortgages Declines http://activerain.trulia.com/blogsview/4687562/delinquent-under-water-home-mortgages-declines#.VYGmiEWf9O0.twitter #REALESTATE
Barshay Graves
Assuming a mortgage from underwater homeowner
I need some help. I got an offer to purchase someone's home for what they owe on the loan or in other words assume there loan. He say's he owes about $80k (it's a messy divorce situation and he is moving out of state ...
Peter Pezzano
Approaching Someone Who is under Water
I have reached a seller who I know is under water in his mortgage payments, I have arranged to meet him tomorrow. What is the best way to break it to him that I know he is being foreclosed on? Also, how can I found ou...
Sean B.
Underwater but have an interested party.
So at the the height of the boom, I did the unthinkable. I purchased a condo with an ARM and have since needed to modify the loan. It is not a Freddy or Fannie and the modification lowered the payment and interest t...
Connie Willingham
Help with ReFinancing an Underwater Loan
I have a rental townhouse assessed at $114,000. Bank loan at $121,000. I'm $200 out of pocket each month to meet the mortgage and it needs a new roof. Wells Fargo owns the loan, but Bank of America services the...
Larry Littrell
Creative ideas for my underwater home
First off I don't live in a submarine my home is financially underwater :)
Our story: My wife and I did the "charge up the cards then use your house as a cash machine" thing for 15 years and it worked great ....until ...
Ray Jimenez
Subject 2/UnderWater(Positive Cash Flow)
Is it a good idea to do a subject 2 with a property that under water but can cash flow pretty solid after all expenses?