Updated over 10 years ago on . Most recent reply
Pre-Foreclosure
I have heard of an investor offering to a homeowner in pre-foreclosure that she could sell him (the investor )her home to avoid foreclosure and also sign a rental agreement to rent it from him so she does not have to move. Is this feasible? For type of scenarios would this be beneficial for the investor? For example, if the ARV is $400K but the homeowner has $140K in equity and is comfortable living there as it is, would it be a good deal for the investor?