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Updated over 9 years ago,
Help this Family of 8! Single Family Home Upside down.
I stopped by one of the friendliest mothers I've ever met today and I really want to help her out. She responded to a bandit sign and here is here situation:
- Loan Originated 2007
- Loan Balance $100k
- Interest Rate: 9%
- Original Loan $106k
- Appraisal Amount: $123k
- Estimated Repairs: $15-20k
- Monthly Payments: $1100
- Est. Rent: $1500
Can I make a deal out of this? They have been late on payments since about May or so and have about $7k needed to bring the loan current.