FAQ Calendar Search Today's Posts Mark Forums Read

Loan Modification - Free Foreclosure Help - Help Stop Foreclosure » Help Stop Foreclosure - Loss Mitigation Help » Help Stop Foreclosure » If the value of a home drops, can the mortgage-holder...

Help Stop Foreclosure Chat about everything Mortgage related. our staff are ready to answer any Mortgage questions you may have. All advice is free.

Short Sale    Loan Modification    Loss Mitigation Training    Short Sales Training
Reply
LinkBack Thread Tools Display Modes
 
  #1 (permalink)  
Old 05-31-2011, 06:39 PM
Junior Member
  
Join Date: May 2011
Posts: 1
Default If the value of a home drops, can the mortgage-holder...
...accelerate the balance of the mortgage? The County's assesed value of our home has dropped almost 30% in the past two years due to the weaker market, and we're now considerably upside-down on our mortgage. We intend to continue paying as usual (our mortgage is still cheaper than renting a similar home), but should I be concerned about repercussions from the bank that holds our mortgage? Can they demand that we pay down some of our loan so that we're not so upside-down?
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply
Thread Tools
Display Modes
Linear Mode Linear Mode

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



Contact Us - Short Sale Help - Archive - Top

All times are GMT -4. The time now is 08:16 AM.
Powered by vBulletin® Version 3.6.7
Copyright ©2000 - 2012, Jelsoft Enterprises Ltd. Free Foreclosure Help

FAQ Calendar Search Today's Posts


Copyright ©2000 - 2010, loss-mitigation-forum.com. All Rights Reserved.