Two houses with Negative Equity, has been refinanced?
A foreclosure in the State of: Georgia I 2 houses. One is my primary residence has never been refinanced and equity. The second home was refinanced and has massive negative equity, with 2 mortgages. First loan is $ 163K, is the second $ 87K. This house is worth $ 190 and I owe him $ 250. It is not enough equity in the home of primary bridging neg. equity. Should I lock or short sell? If I exclude the bank can come after my primary residence? What is my best option here .. I can not second home.
Are you current on the mortgage? If you are then they will not even discuss a foreclosure or short sale with you. IF you are and deliberately miss payments go in foreclosure they will linger long in the process of draining your resources. RESEARCH, but I think that the recent legislation to end collection the difference in sales and the amount due. But you still may not be covered if you are currently and intentionally enter into foreclosure. SEARCH using Google or another good search engine.
Short Sales Class – America’s Home Rescue
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The First Mortgage… $20.13 The First Mortgage… |
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The First Mortgage $20.79 The First Mortgage |
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Charter, Laws And Ordinances, First Mortgage, &c., Of Mobile And Birmingham Railway Company… $15.92 Charter, Laws And Ordinances, First Mortgage, &c., Of Mobile And Birmingham Railway Company… |
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The Handbook of First Mortgage Underwriting $97.49 No Synopsis Available |
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