Posted on: 23rd Jan, 2011 03:35 pm
secularization is involved. we are in a horrible upside-down situation (both lots are now worth 1/2 of what we own), paying interest only on the historical cost vs. fair market value. both lots are located in corolla, nc (OBX) in a beautiful golfing community. we can no longer afford over $4000/ mo in interest only as we have run into bad financial difficulties.
advice?
advice?
Hi Guest,
If you're unable to pay off the loan and if you want to save the property, you can request the lender for a loan modification. This will help you to get an affordable payment plan to pay off the loan.
Thanks
If you're unable to pay off the loan and if you want to save the property, you can request the lender for a loan modification. This will help you to get an affordable payment plan to pay off the loan.
Thanks