I was laid off 3 months ago from circuit city. I owe absolutely nothing, no first home bills, credit cards or car payment. The only thing I owe is $400k on my "second home" in Las Vegas. My payments are over 3k a month. If I sell the home I will be losing out one 30k and I don’t have that much. Should I stop paying the mortgage and let my bank foreclose on me, or do a short s...
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Must I pay off personal judgments, not against the property, in order to get a reverse mortgage?
1) What is vintage basis? 2) What is the difference between subprime vs non-traditional mortgage? 3) “A paper” vs subprime? 4) Retail vs wholesale mortgage? 5) A private mortgage?