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Updated about 17 years ago on . Most recent reply

User Stats

103
Posts
2
Votes
Tyra General
  • Real Estate Investor
  • Maryland
2
Votes |
103
Posts

Upside Down Mortgages

Tyra General
  • Real Estate Investor
  • Maryland
Posted

Hi Guys,

I have a couple of deals with upside down mortgages. Other than the following options, what can be done to assist the sellers?

Short Sale
Forbearance Agreement
Loan Modification

I want to help them, but not exactly certain how to other than the things listed above. I don't mind outsourcing these, but that too can get expensive if you're working with a short sale company that does not guarantee that they will close the deals but requires an up front fee.
I also don't mind just giving the deal over to someone for a referral fee. If anyone is interested, please let me know. Please also note, that some of these sellers are up to date with their payments. Your suggestions would be greatly appreciated!

Thanks and God Bless,

Tyra

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