Don't know what what happens when......

Wholesaling
17yFollow

Don't know what what happens when......

Sherlock Holmes
Member since 2008 · 26 posts · 0 votes

I would like to know what happens if for example someone owes 350k on their mortgage and I only offer them 250k on their house. Is this just an impossible deal?

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  • James Hiddle
    Altus, OK · Member since 2008 · 2k+ posts · 690 votes
    17y

    I doubt someone will take $100k less on what is owed unless they were already upside down than you would have to structure a short sale.

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  • Sherlock Holmes
    OP
    Member since 2008 · 26 posts · 0 votes
    17y

    Mortgages kind of confuse me I need to read a good book on them or something.

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