Posted on: 18th Apr, 2010 04:43 am
live in CA have 2 four plex and unable to make the payments (have been paying the diffence for three years now and am unable to do it anymore) called banks to attempt refi, loan modification. told must be behind in payments (this is the first month unable to pay) also told that current gov. prog do not apply b/c they are investment properties. what can be done or what are my possibilities?? tax hit???
Sell the properties quickly. Consult with a local realtor.