Underwater Property: 40 Acres in Arizona

The Challenge

Michael purchased 40 acres in Arizona in 2007 for $180,000, planning to develop a retirement home. The 2008 market crash left him with a property worth far less than he owed. After losing his job in 2020, he could no longer afford the $1,800 monthly land loan payments and faced foreclosure within 60 days.

The Solution

Michael reached out to RKW Land Group in desperation. Our team worked directly with his lender to negotiate a short sale. We offered $95,000 for the property, and after negotiations, the bank accepted our offer, releasing Michael from the remaining $78,000 debt and avoiding foreclosure on his credit.

The Results

• Avoided foreclosure and credit damage
• Released from $78,000 remaining loan balance
• Closed in 28 days
• Michael received $2,000 relocation assistance from lender
• Eliminated $1,800 monthly payment burden

“RKW Land Group literally saved my financial future. I thought I was going to lose everything, but they worked with my bank and found a solution. I can finally move forward with my life.” – Michael T., Phoenix, AZ