09/18/2020
This couple’s situation is a perfect example of the problem with:
Loan Modifications
Forbearances
Missed Payments
and failure to obtain payoffs early
Devastating for this couple. They were going to sell their house, pay cash for an RV to enjoy full-time travel living.
Everything fell apart and they are now stuck in a 700 sq ft apartment.
These mortgage issues will affect either your credit or the amount of equity in your home.
Don’t wait for the unfortunate surprise when you are selling your home. Plan ahead. Get your credit report and keep track of:
Loan Modifications
Balloon Payments
2nd Mortgages
Forbearance of any type of payments
Missed Payments
* this is why I always recommend divorcing homeowners use an The Ilumni Institute CDRE. They will gather this information at the beginning of the listing instead of waiting until the 11th hour.
(Long video - start at 3:00. No need to watch past 19:00)
Welcome to Our Channel. This week we share how we lost 135K and our dream RV in one day. All we worked for in the last year, all of the planning, saving, min...