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Updated about 9 years ago on . Most recent reply

New member/New landlord by chance
Hey guys, my name is Lawrence and I'm from the VA/DC/MD area. I joined the BP forums to learn and gather information. My dad recently passed away and my sisters and mom didn't want anything to do with the property. I figured my dad put his heart and soul into the property and couldn't bare to let it go to foreclosure. I fixed up the property and even found a tenant. However, my parents were underwater and I'm probably losing about $150 a month (paying the difference between the mortage and rent). What are ways I can lower the mortage? The bank does not know my father has passed away yet. If this question is in the wrong section, I'm sorry. Thank in advance.