Updated over 10 years ago on . Most recent reply
$100,000 unpaid balance
Hey BP team. I was browsing Zillow with my wife, going through some ugly homes. When I noticed a note on a foreclosure.
This house is being sold for 19k. If a buyer was to purchase this house. Would they have to pay the "$100,000 unpaid balance"? That doesn't seem to make any sense to me. Either A. I'm misunderstanding what this is saying. or B. There has to be a way around paying this balance. The houses ARV is 40k. With an 100k balance the bank would never be able to move this house.
Thoughts?



