short sale and 2 loans (1st and the home equity)?
Tags:agony, grace period, luxury style, mortg, townhome,
1
i got 2 homes as well as any got 2 loans (1st as well as a home line of equity).
the townhome needs correct nonetheless i can’t unequivocally means replacing a carpet. a alternative home is 1bed apartment house (luxury character with a gate) nonetheless who wants a place similar to which nowadays…
i’m to pass my beauty duration to ask 4 banks about ‘short sale’. will home line of equity loan let me go with reduced sale?
will they put my mortg. upon ‘hold’ so i do not have to compensate for how long?
what if i can’t have a skill sole after how most months allowed?
will i still owe a months i was upon ‘hold’ to not compensate awhile? any risk i should be aware…?
real estate marketplace is putting me in agony…..
Related solution post:
Ellie,
You’re in a particularly tough situation. Do you own a property in Florida? Doesn’t matter. First thing I would do is look over your contract under the "Default and Remedies" section. That is going to tell you what the bank’s response to your non-payment is. Next thing I would do is call me at 828658-8903 and discuss what your options are. Maybe we can delay payment by refiancing and buy you some time to use the property.
Let me know.
Frank