I have three other mortgages other than my primary home residence , as I was trying to become a realestate investor.
I have fallen very far behind on all of the other ones, due to lack of recieving payment from renters, I was able to make a payment arrangement with the lenders, but find that the repayment payments are so high that I am finding it difficult to keep up with them also, can't seem to get the property rented in such a short time.
my so called co-investors hav bailed out and are not contributing, although their credit is also at risk.
I have a realtor trying to sell , however ,no luck there so far.
My immediate issue is that the first repayment was due two days ago, and I did not have the money, although I have already made the iniatial $9000 down payment. it is a commercial property. can a realestate attorney help me ?
I have had many {I'll look into it promises }, but nothing seems to work out. can I get the lender to give me more time ??
2006-12-10
01:43:49
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3 answers
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asked by
moham
1
in
Renting & Real Estate