Posted by JT-IN on September 03, 2003 at 19:04:11:
Sure, lots can be done, but we are missing the all-important 64,000 dollar question… (You may not be old enough to remember that TV show); How much is the property worth…?
Let’s say the property is worth 280K - 300K, then yes there are a number of things that can be done for your friend. If the property is worth more like 230K, then the options may be more limited… but there are still some to consider. Also, who is the Lender…?
Foreclosure advise is very state specific and the state your friend is located would help a great deal too… Maybe there is an investor here on the site that could help…
Post more info, to get more info…