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WE JUST BOUGHT A SINGLE FAMILY HOME. WE ALSO HAVE A MORTAGE ...

Sent to Finance Experts February 27 2006 at 1:57 AM
   

WE JUST BOUGHT A SINGLE FAMILY HOME. WE ALSO HAVE A MORTAGE ON A CONDO. WE WANT TO TRY AND REFINACE BOTH AND COMBINE INTO ONE PAYMENT AND TURN CONDO INTO INCOME PROTERY. RENTAL. CAN THIS BE DONE. THANKS SEARCHING FOR HOPE

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POTTSTOWN, Pennsylvania

Already Tried:
WE ARE GOING TO PLACE IT IN A CHAPTER 7 IF NOTHING ELSE

Customer (name blocked for privacy)
Status:  Closed   Value: $9
Info Request
February 27 2006 at 3:55 PM (13 hours and 57 minutes and 46 seconds later)
         
REPLIED to Info RequestCheck Mark
1. What type of loan did you sign for the most recent purchase?
2. What is the value of that home vs the amount you owe?
3. What do you owe on the condo?
4. Are you already behind on the payments of either one?

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mroberts -- Own Loan Closing Business -- Expert's Profile
10 Years Real Estate Experience, own Loan Closing Service for the last 4 years.
Reply
February 27 2006 at 7:45 PM (3 hours and 50 minutes and 6 seconds later)
         
Reply to mroberts's Post: 30 year fixed. 119.500 to 122.500. owe 118.000 just bought it few months ago. Saddly enough 76,000 unless early pay off. We pay bi weekly on condo and yes we didn't pay todays payment. First late payment in 15 teen years of having it. Husband just refianced it a year ago without me knowing. I want to turn that condo into a income for us. neither of us has great credit at this moment, Husband is filing bankrupcy on his debts. Me I am doing the step's to get my credit cleaned up. I know there are ways to make this happen, As I have been learning alot of the in's and outs of real estate. But like anything else hard to find the right person or knowledgeable person to help us out. I was thinking about just seeing about a capital raise release equity mortage on the condo getting what we can and walking away. Any feed back. Thanks alot Stacy
Customer (name blocked for privacy)
Answer
February 28 2006 at 11:43 AM (15 hours and 57 minutes and 46 seconds later)
         
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mroberts -- Own Loan Closing Business -- Expert's Profile
10 Years Real Estate Experience, own Loan Closing Service for the last 4 years.
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