All Forum Posts by: Jim Huber

My question is this.I own three rental homes,and the residence I am in which makes four total.I would like to get out of two of these homes or at least lower the financial burden if possible.Even in the down market I believe I have enough equity in all four to sell and at least break even.As an investor is it a viable option for me to go to to a few of these mortgage companys and restructure the loan? drop the rate,etc? I hate to sell and walk away with nothing!!

I am half owner of a house with my X Fiance.There is a fair amount of equity in the house maybe 30-40K.The house at the present time
is rented,and the payment covers the entire note every month.My dilemma is this.My x is broke and her long term prospects of turning this around due to her lifestyle are slim to none.I am concerned that when the house comes open she will attempt to live in the house on my tab.She also has no money for upkeep rapairs etc which I will have to pay regardless or lose the house.Before the rental agreement comes due can I force the sale of the house or what are my options? I have 10 mos or so before the rental agreement is over.

I signed my refi papers to close my loan 8 days ago.At the end of the third day of recission the Mort company came back,and said they had a problem with my income and sent me back to underwriting.The loan had not been funded,but checked today and apparently the mortgage company mistakenly paid off my 28.8k
equity line on the house,but not the primary loan.Called the Mortg company about this,and have not heard back yet? How will this play out/What are my rights?