|
|
| |
renting foreclosure: Loan Modification For your Investment Property
- 09/02/09 06:44 AM
Loan Modification For your Investment Property
It is estimated that 13% of all foreclosures are investment properties. Investors....did you know you can get help with this? Just because it's not your primary residence doesn't mean it's not an important issue. Just because Obama's programs do not include investment properties doesn't mean you can't get relief. If you were to foreclose on your investment property, the lender would take a huge loss, same as if the property was owner-occupied. Therefore, a loan modification for your investment property is obtainable.
Do you have a delinquent tenant and can't afford payments?
Did you … (30 comments)
|
renting foreclosure: Cannot afford Loan Modification or Loss Mitigation?
- 08/10/08 05:15 PM
If you cannot afford the fees or payment for a loan modification or loss mitigation program at this time, but still want to keep your home, there is an alternative for you. I am not talking short sale here, but of course that is an option. Some people feel their circumstances will change in the near future, but not before their home is foreclosed.
You may want to consider renting your property out on a month to month basis. You could ask for the loan mod or loss mitigation fee to be paid by your new renter which would … (6 comments)
|
|
|
|
|
|
|
|
Loan Modification For your Investment Property
;)
;)
;)
