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Thanks npq, for sharing your experience. So you have settled only with one creditor so far? If you don't mind me asking, how much is your debt and how many creditors you have to deal with?

I...

Your answers help. Thanks. It is a risky deal. The house may worth 1 Mil, but it only has $300K equity in it. I'll talk to an attorney about it. What is the risk involved if I'm buy into half of the...

I've seen the appraisal from last year. It's legitimate. She got the appraisal because she was refinancing. She owes some property taxes and probably behind with payments. She was in a lawsuit a...

I understand. Thanks for the infor. What if I do a title check on the business to make sure there's no debt or obligation tied to it? Would that lower the risk?

Did you settle the debt yourself? How is that working out? I'm going through a settlement company, but they're charging 15% of my total debt. That's too much.

I'm currently going through a settlement myself. When you said you settled 40% with Wells Fargo, are you paying them 40% of your debt? Or are you paying them 60%?

I'm going through a settlement now. So I'd like to know more about the process and what to expect. How much did you owe? And how long was your process? Did you get numerous phone calls from the...

I'm going through a debt settlement company myself for about $90K. I'm using Debt Relief Options. Still in progress, so don't know what's going to happen. They said I need to stop paying the CC and...

If I'm added into the LLC, wouldn't I be owning part of the business asset, which is part of the house?

Thanks, guys for your earlier response. So Lets use actual numbers. The house is appraised to worth $1,090,000. The seller owes $760,000 on it. The house is incorporated, LLC as part of her...

A seller is trying to sell the right to own 50% of his house. The house is valued at $600K and owes $400K. I'm paying $50k to own half of the house and the seller agrees to continue making mortgage...