My next door neighbor is losing his home due to a divorce. It goes up for auction in a month. Im not to certain how to approach him, especially since he is not aware I know this. The bank wants 140K for the home, which is what he paid for it 3 years ago. I know the value has gone up, since mine has some 40K in the same amount of time.
We would like to give him some walking away money as well too sweeten the deal. Any idea’s would help, thanks.