Sellers who still have Mortgages
Hi I am wanting to ask about Sellers who still have mortgages. I am looking to wholesale a deal where the numbers are:
Asking price is $89,000
Comps in the area are around $57,6001
The house last sold for $63,494
Lastly there is about $36000 left on the mortgage
Right off the back it may not be a good deal, but I am just wanting to know when doing a deal with a mortgage, how do you factor the mortgage in??