Property in Pre-Foreclosure with an ARM
Hello all,
I was contacted just recently by a seller whose home has the following challenges:
- In pre-foreclosure
- Has not paid the mortgage in 2 years
- Rented the property and was not eligible for refinance as a homeowner
- Has an adjustable rate mortgage
- Taxes have been paid by the mortgage company for the past 2 years
Is there any hope for this property?
Thanks all!