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re: underwater on a real estate loan
Posted on 3/23/12 at 4:49 pm to TortiousTiger
Posted on 3/23/12 at 4:49 pm to TortiousTiger
I would echo what has been said above. See if you can get a HAMP modification or a private one through your lender. They probably won't reduce the principle since its not your primary residence, but maybe you can break even renting after a mod.
Whats the fair market value if you don't mind me asking? 15K doesn't sound terrible, unless you had a lot of equity in it.
Whats the fair market value if you don't mind me asking? 15K doesn't sound terrible, unless you had a lot of equity in it.
This post was edited on 3/23/12 at 4:51 pm
Posted on 3/26/12 at 8:13 am to ZereauxSum
HARP does not apply to non owner occuppied homes. actually no goverment program does.
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