Fed Financial
Financial Help?
If someone owns 3 properties, but cant keep up with the payments for all 3, what would be a solution? 1 of the 3 homes is a primary residence, and that one can still be paid for with no problem, but as for the other 2 that have already been on the market with no luck... what should be done? repo? bankruptcy? Thanks. the homes have depreciated in value... lowering the price for the two homes which are not the primary residence would result in a loss of approximately $100,000
Public Comments
- Well I live in KY and bank at 5/3rd & have always dealt with the same two people, so my suggestion to you is to go to your bank and talk with them about your issue and let them know what is going on and what type of plan you have to keep your properties or property. And see what they can come up with to help you/...............................
- Rent it out?
- suggest you lower the price even if it requires a small loss -- better get out with your shirt still on you back!!!
