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Message
re: underwater on a real estate loan
Posted on 3/23/12 at 2:45 pm to TortiousTiger
Posted on 3/23/12 at 2:45 pm to TortiousTiger
quote:Sorry to hear that TT.
underwater on a real estate loan
by about 15k
Couple of Q's:
(1) Have you looked into Home Affordable Refinance Program options?
(2) Is your loan is w/ Fannie/Freddie? If so there may be other options too.
(3) You know about the HUD-approved housing counselors hotline -- 888-995-HOPE (4673) for free advice in dealing w/ underwater mortgages?
2
Posted on 3/26/12 at 9:30 am to NC_Tigah
This is some good information. My daughter bought a condo three years ago at $120,000. The developers of the property went bankrupt shortly after she moved in and the development went downhill fast. Some neighbors have tried to sell for as low as $84,000 and could not.
She really wants to relocate because there has been numerous break-ins (she's been lucky so far) and she is scared living there.
Any advice?
She really wants to relocate because there has been numerous break-ins (she's been lucky so far) and she is scared living there.
Any advice?
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