Your bank may also be able to save you from foreclosure by putting you on aninterest-only home loanor a shorter-term ARM to lower the monthly mortgage costs. Ironically, these will reset in the future and could land you back in a tough spot. However, it would buy you some time to ge...
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and it included partial debt relief gained through mortgage restructuring as well as full foreclosure. Refinancing was also allowed, but only up to the amount of principal balance of the original mortgage.
A friend has a lot of equity in his house, but it’s almost in foreclosure. It does not make sense to sell right now, as it needs repair. Would an LLC be the best choice to invest in the property with an expected profit when it is sold? I am most concerned with liability, as ...
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