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Updated over 4 years ago on . Most recent reply

Alan Hicks's profile image
Alan Hicks's profile image
Alan Hicks
  • Investor
  • from Lawrenceville, Georgia
  • Member since Sep 29, 2017
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59
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5
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Alan Hicks's profile image
Alan Hicks's profile image
Alan Hicks
  • Investor
  • from Lawrenceville, Georgia
  • Member since Sep 29, 2017
Connect
Alan Hicks
  • Investor
  • Lawrenceville, GA
5
Votes |
59
Posts
Buying & Selling Real Estate

CARES Act ? Crazy Strategy...

Alan Hicks
  • Investor
  • Lawrenceville, GA
Posted

FYI - I am NOT contemplating this at all..

I read that some people are taking advantage of the CARES Act to postpone mortgage payments in an attempt to combine 2-3 mortgage payments into 1 mortgage to pay one off sooner.

I guess if someone has 10 mortgages, the put 9 in forbearance and put all 10 payments on the smaller balance is the strategy?



Doesn't even sound legit or smart.

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