Possible 1st Deal
Just started advertising and got a call (2 actually). Would appreciate any advice.
Nice area, 3/3 2 story, 20yr old, range $110k to $130K (comps support this), new stuff in last 6 years (air, furnace, roof, etc.). Sounds like a nice house but caller has $207k balance. Ready to walk and give away house. Currently in 1st year of Chap 13. Household income of around $40K. What else do I need to know? Pretty sure only 1 lender and mortgage is a little more than 1 year old. Current on all payments and taxes. Meeting at their home tomorrow so please feel free to email directly.
Thanks for any help 
Also, only this one loan, no others. Lender is Homeside Financial although phone is answered as Washington Mutual.
High comps are at $130k, and he has a mortgage for $207k?
Something doesn't sound right.
It's right. I verified it with public records. I know. How can someone do that, but until you talk to some, you would never believe it.