negotiating with the bank
So here is the situation, I had a guy call me off of my truck signs he is currently paying 2 house payments and is wanting to get out from one. He is current on his payment but he owes around 53k. He also told me he would like to get around 5k equity out, I really would like to help him out, but by my figures this may be high on the price for myself or another investor to buy this from him. So my question is can he negotiate down what is owed even though he is current on payments?