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8 good mortgs, may default on 1 or 2

8 good mortgs, may default on 1 or 2

This is a discussion on 8 good mortgs, may default on 1 or 2 within the Mortgage Problems and Solutions forums, part of the Mortgage and Loans Forum category; Here's my situation in a nutshell:1 - I have 8 good mortgs on rental properties and my personal home2 - ...

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12-04-2008, 05:37 AM

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8 good mortgs, may default on 1 or 2

Here's my situation in a nutshell:1 - I have 8 good mortgs on rental properties and my personal home2 - I have 1 really high mortg on a property that I'm trying to sell and I can't make the payments on it anymore with my current cash flow. I will pay the bank back the full amount when it sells since there's some equity in the property, but it doesn't make sense ot me to keep borrowing from other sources (which have now pretty much dried up) to make the mortg payments.3 - I have 2 mortgs...

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(Source: mortgagefit.com)

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