---

2nd home

Author	Message
	Add to del.icio.us Add to YahooMyWeb Add to Simpy Add to BlinkList
thomasbass1 Joined: 14 Oct 2010 Posts: 3 1.58 Dollars($)	Posted: Mon Oct 18, 2010 10:08 am    Post subject: 2nd home Like 0 Dislike 0 I purchased a second house 4 years ago in Fl for investment purposes. I have had a tenant from day 1. Recently they stopped making payments and I cant afford to make the payment. I am 4-5 months behind and the mortgage company will not take a partial payment. (Bank of America). I want to get out of this house as it is underwater. I owe 145K and cant sell it as there are SO many houses for sale. I paid 180 K HELP!!!
smithsussane Joined: 18 Sep 2008 Posts: 10439 Location: Alaska 985.83 Dollars($)	Posted: Mon Oct 18, 2010 10:26 pm    Post subject: Like 0 Dislike 0 Hi thomasbass! Welcome to forums! You can list the property in the market and check out if you can get buyers for the property. If you get a good buyer, you can sell off the property. The sale proceeds can be used to pay off the lender and if there is a deficient balance from the sale, then you'll have to pay it off from your own pocket. Feel free to ask if you've further queries. Sussane

Quick Reply
Your Name
Subject
Image Verification	Enter the code above here : Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours

Page 1 of 1

---

We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0