N
noddy
Guest
The mortgage payment on our rental property will go up this October and we are now thinking about forclosure, short sale or loan freeze.
We've been paying on time, but cannot afford after the increase. The loan company is agreeing about Loan Freeze but we don't even have money to pay property taxes any more if we keep the house.
We also heard that we must pay taxes if we chose foreclosure or short sale.
What is the best option for us to take?? FYI, We have credit card debts also (all house related...!). And....we have a few more rental properties that are currently okay but eventually face the same problem.
We are totally lost....please help.
We've been paying on time, but cannot afford after the increase. The loan company is agreeing about Loan Freeze but we don't even have money to pay property taxes any more if we keep the house.
We also heard that we must pay taxes if we chose foreclosure or short sale.
What is the best option for us to take?? FYI, We have credit card debts also (all house related...!). And....we have a few more rental properties that are currently okay but eventually face the same problem.
We are totally lost....please help.