if this good deal or not if its a good deal what the best way to work this deal.
1st mortgage owes 40k
2nd mortage owes 26k but seller said the the bank may accept less.
reason for selling: parents died can not afford it.
has tenats in it paying rent .
mortgage payment are 440.00
1st mortage is current
2nd mortage needs to be payed off it behind a few years in collections
owes no taxes
sellers states they will take a few thousand if it can paid off or anything but seller is motivated.seller just wants out.
comp for houses in the area