Property With Lien & Mortgage ....
Hello Dear Investors,
There is a property I am looking to buy from a gentleman. He bought it with a convetional loan a year ago, he is having some financial issues so he wants to sell it. He has a $60,000 mortgage balance on the property, the property is worth around $140,000. But he has a $75,000 lien on the property, any suggestions on what to do in a scenario like this ?
I wanted to offer him around $90,000 for the house.