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Updated over 4 years ago,

User Stats

12
Posts
3
Votes
Brian Hartman
Pro Member
  • Atlanta, GA
3
Votes |
12
Posts

Foreclosing on a private 30 year loan

Brian Hartman
Pro Member
  • Atlanta, GA
Posted

I have a 30 year note with a 7% interest rate for a couple that has not refinanced in the past 17 years with low rates available everywhere. We are in Georgia and are aware that they are going through a divorce. The home has probably doubled in value since 2003. They are saying that due to COVID 19 they need 5 months relief from payments. At first it was just a month, then 3 months, now 5 months. Does anyone know what legal course of action I can take to ensure they don’t just wind up squatting in the house without making payments anymore? Thanks for the help.

  • Brian Hartman
  • Loading replies...