Stuck in Bad Loans - How do I get out of the cycle?
Posted November 4th, 2010 by admin 3 Comments »
KissDragon asked:
I have 6 rental properties that I bought with 20% down on all of them but I am stuck in bad adjustable loans. I tried to Refi but the bank say the houses all lost value and I would have to bring another 20% to the table at closing. The mortgage holders say they will not work with me on the loans till I am 30 past due. How do I resolve this?
I have 6 rental properties that I bought with 20% down on all of them but I am stuck in bad adjustable loans. I tried to Refi but the bank say the houses all lost value and I would have to bring another 20% to the table at closing. The mortgage holders say they will not work with me on the loans till I am 30 past due. How do I resolve this?


