Refinancing Home Mortgage
In: Mortgage Loan
15 Sep 2010I have already spoken with a lawyer, but he did not want to tell me what to do exactly. I own a condo that is worth 50k and I have a mortgage on it and got to 90k 25k Owners Association fees. The homeowners association will exclude this Friday in court, if I do not see this. Who, I do not know how I could because I have to offer any money. I was able to begin paying $ 500 a month, but that is all I can do what I do.
My question is, how can I let him go or not decide? Someone suggested that I give them $ 0 for the previous contributions, but promise to keep up this and give it a few months earlier, so they at least receive money. If excluded, they get a promissory note that they probably never collect, since I have bank lost money.
What should I do?
uh … You are here Underwater 65K
According to the state where you live, you can get all the 25K it all or nothing, depending on whether they are first or second position of privilege.
The question brought to their attention is, that if they are in second lien position behind the mortgage, they will not get a penny.
All proceeds will go to the mortgage holder go
I would hope by counsel for the idiot in charge is that he is paid to work with you, the mortgage is to be explained 40K in the hole. His thinking can be carried out and Bite the Bullet is the best hope to go on low-paid forward.
How would a private note to 500 per month for 25k?
If not … laid walking shoes and we are delighted.
This is about mortgage information questions.
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