Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by

Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated about 10 years ago on . Most recent reply

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?