[Sparky06921]

Not sure what the market will be like in AZ in 5-7 years which is when you would most likely be selling the property. If I uderstand what you explained about this offer, you would owe them $110k once you sell the property in lets say 5-7 years, which is when you want to eventually move? Essentially your property would have to be worth and sell for $110k more than what your loan balance is, in order for you to walk away and break even without any money in your pocket.

Using $230k as your current loan balance as of today and a simple mortgage appreciation calculator. If your house appreciated 6% every year from this day forward, it would take a little over 5 years for your house to appreciate $110k over your loan balance. That is if I'm understanding it correctly? Will the market turn around tomorrow in AZ and start appreciating 6% annually? I don't think so.

If it were me, I might consider it if I loved my house and wanted to stay in it forever. If I was planning on selling my house in lets say 5-7 years, I would walk away now and take the credit hit. In 5-7 years, I would have pretty much repaired the damage to my credit and saved enough to jump back into the market under hopefully more favorable conditions. The offer is unique and sounds like a win win for the bank and investor. I guess only you can decide if it's a good offer for you in your situation. Best of luck & let us know what you decide.