So I have 5 homes that i purchased one by one during the height of the dot-coms, rented out, refinanced, then purchased the next. It was smooth sailing, those days, but now I'm in a major bind. I'm behind on my property taxes, one of my homes hasn't sold so it's on the verge of foreclosure, another home was destroyed by my tenants so its undergoing renovations, and i'm even having trouble keeping up with the mortgage of my principal residence. I'm in a complete mess! I've already called all my mortgage companies seeking help, but most of them said they could not do anything about it. One mortgage company with the home that hasn't sold is working with me to try to keep me out of foreclosure, but i'm slipping behind many of my other homes. Does this situation sound similar to anyone else? Does anyone have advice, or stories of the like, they'd like to share? Anything would help. Thanks!
2006-12-08
11:44:37
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8 answers
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asked by
Suzi A
1