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Real Estate Deal Analysis & Advice

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Lesley Resnick
  • Real Estate Agent
  • Jacksonville, FL
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Looking for creative deal idea

Lesley Resnick
  • Real Estate Agent
  • Jacksonville, FL
Posted Nov 1 2017, 05:28

Does anyone have any creative suggestions for this deal?

I have found a homeowner who is underwater, the house is worth 100k and he owes 120k.  This property would not cashflow.  I have thought about a wrap around mortgage, but that would not work either.  

It may just be that the owner needs to give the house back to the mortgage company. 

Thanks, 

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