The bank for the second mortgage is listed as the owner of the home. How is...
Question: I have an interesting situation, the house I want to invest in appears to have a first and second mortgage. It appears the owners have already left. The second mortgage has already foreclosed...
View ArticleI own a home in Southern California. I bought the home using my VA benefits.
Question: I own a home in Southern California. I bought the home using my VA benefits. I am 3 months behind in my mortgage. It doesn’t look like the mortgage co. (Countrywide) is going to modify the...
View ArticleWe have an interest only mortgage on a house…
Question: We have an interest only mortgage on a house that is now worth about half of what the the mortgage is. We have not missed a payment and there is a penalty to refinance. What is the best way...
View ArticleWe own property in Idaho. If we “walk away” from the Idaho property, can they...
Question: We own property in Idaho through an interest only loan. We had planned to sell our home in California this year and pay off the land in Idaho with the money from the sale. Now the California...
View ArticleAre there any remedies for people who own a second home?
Question: Are there any remedies for people who own a second home? I see a lot of help for primary home owners only. What about for people who use their own life savings to invest on real estate? Is...
View Article
