my parents just bought a home that they cant even afford (700.00 in san francisco),the mortage payments will be 10 thousand dollars every month for 30 years,which i think is totally crazy,i am sure they wont make it,and will lose the house,they dont even make 5 thousand a month,and they had to borrow money from every relative available to put down the down payment (100 thousand dollars),the house is gonna be many times more expensive than the actual price,does anyone know if the monthly payments can increase without notice? can anyone tell me if there is a way of backing out from this deal without losing the down payment they put on the house? please help! my parents are in deep ****
2007-01-05
02:46:32
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13 answers
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asked by
e_s_p
4
in
Renting & Real Estate