OfflineHello everyone. I had a quick question regarding assignments. If the seller's house is upside down and more is owed than the home is worth, what should I do. If i want to assign a property to an investor what is the best way to get the home at the best price? Is it even possible without a shortsale? How would I find homes that are not upside down with the banks? Any help anyone could offer would be greatly appreciated. Thank You All.
Cody
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it would probably be better to get it as a lease option type of property or just take over their loan, if you don't want to do a shortsale. I don't know if you can assign a house that's upside down, I think it would have to be a shortsale first. If the owners are wanting out just do a lease option on the property and find a tenant buyer, then you can have a cash flowing property.