MichaelC 160 Report post Posted November 8, 2008 Homeowner contacted me this morning with the following email: I owe $250K on my property that is valued at $107K. Can you help? Any takers?? Share this post Link to post Share on other sites
Doug Pretorius (ON) 9 Report post Posted November 8, 2008 I'll take it on a 99 year option if the payments are about $100/month Share this post Link to post Share on other sites
Guest Diver Report post Posted November 9, 2008 Must have been the same dude who emailed me. Diver Share this post Link to post Share on other sites
Jonathan RexfordFL 8 Report post Posted November 9, 2008 If its a home send it over......CAN I HEAR.....SHORT SALE Share this post Link to post Share on other sites
MichaelC 160 Report post Posted November 9, 2008 If its a home send it over......CAN I HEAR.....SHORT SALEIt's a condo, and he is current on his payments. Doesn't want to go short sale. I told him his only option is to rent it out for a while. . .like 10 years. Share this post Link to post Share on other sites
Jonathan RexfordFL 8 Report post Posted November 9, 2008 Actually he can have another option. He can contact the bank and say that I wish to see if we can do a short refi on the this property. If payments are current and it is truly over valued they will more than likely approve a short refi based on certian loan terms. Some of the lenders doing them are Wells Fargo, Chase, Country Wide and Litton just a few. Share this post Link to post Share on other sites
