With an underwater mortgage, this senior homeowner is desperate for help. Thanks to the Great Recession, this older homeowner is struggling with selling at a loss or staying in their home. Q: My mother is 90 and needs to soon move from her condo to an assisted living facility. She bought her condo at the [...]
Making the most out of the sale of an underwater investment property can be difficult, especially in a competitive housing market. Here’s how to get started. Q: I bought a home as an investment for $450,000 with several partners back in 2006. We intended to buy it, knock it down and redevelop the property. That [...]
A contract for deed is another option for underwater real estate investors when trying to sell their homes. Q: I recently read your article "Not a lot of help forthcoming to underwater investors." I want to add another option for that real estate investor to consider. Having been in the real estate business for about [...]
