#578 Property worth $420,000 1st Mortgage is $278,000 second mortgage is $65,000


Manage episode 242873210 series 2390564
By Steven VanCauwenbergh. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

What do you do? What about repairs? Only 60K inequity on large house is too skinny and relative to the repairs. Short sales take a long time and the bank can stop it, say no and take the default. You can take the property 'subject to' the existing mortgage. Do you have any questions? Share it go to this link ask.savvylandlord.me or go to www.savvyradioshow.com and leave a voicemail

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