SUBJECT TO POSSIBLE DEAL
I have a homeowner who has little to no equity in a property in the Memphis area ..the home can rent for 600$ More than the original loan monthly mortgage amount .. the arv is 175,000 the balance left on the home is 152,000 .. WOULD THIS BE A DEAL TO DO SUBJECT TO ?! SHE IS FAVING FORECLOSURE AUCTION IN TWO WEEKS .. I’m just trying to help her not be put out during the holiday season . I’m thinking of asking 30,000 down payment from buyer for them to takeover catch up back payments & monthly note