Posted on: 04th Nov, 2008 12:02 pm
Hello!
I own a home in MI (did a first and second on it) and a home in TN (did a first and second on it. I can no longer afford to pay for my empty home in MI and I am ready to let the bank take it back.
I don't want to lose my condo in TN or my car that is paid off. Can any help me with what might happen to me?
I own a home in MI (did a first and second on it) and a home in TN (did a first and second on it. I can no longer afford to pay for my empty home in MI and I am ready to let the bank take it back.
I don't want to lose my condo in TN or my car that is paid off. Can any help me with what might happen to me?
A warning to anyone whose bank says they won't negotiate until you are behind on payments.
My bank (SMC) said this to me, and shortly afterward we fell behind in our payments. Then we asked them to negotiate.
They said they wouldn't negotiate because we were behind, until we caught up.
We handed back the keys and walked away. We now pay much less in rent for a much nicer home.
Great job, SMC
My bank (SMC) said this to me, and shortly afterward we fell behind in our payments. Then we asked them to negotiate.
They said they wouldn't negotiate because we were behind, until we caught up.
We handed back the keys and walked away. We now pay much less in rent for a much nicer home.
Great job, SMC
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