Pre-foreclosure Negative Equity
I have a motivated seller that owes $220K in a area where homes sale for $110 max, the house just entered pre-foreclosure.
Her husband put a 2nd mortgage on the property to help with medical bills and passed away shortly there after. She owes $9k to get it out of pre-foreclosure status.
She’s not looking to make anything on the property just doesn’t want it to impact her credit.
Looking for all suggestions.