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Real Estate & Property Law

: The Home Equity Theft Reporter

Landlord Gets The Squeeze As Lender Refuses To Renew Short Term Balloon Mortgages; Bank Opts To Foreclose Instead Despite Prompt Payment History

By r morris

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In Springfield, Missouri, KYTV Channel 3 reports:Imagine never being late or missing a payment, but still losing your home to foreclosure. It's happening across the nation to owners of rental properties. An owner of multiple rental properties can't typically get a traditional loan, so he'll get a one-, three- or five-year note that's renewed when it expires. Several property owners in the Ozarks

Full post as published by The Home Equity Theft Reporter on January 14, 2011 (boomark / email).

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