Question
i have a second mortgage that i need to dump. hep?
i took 20k as a second mortgage to buy a lot. i did not sell the lot. now the lot is worth 5k. but i still have the second mortgage loan. how can i get help with this second mortgage IF ANY. ( loan is from bank of america ) it seems that goldman sach and other banks got help and i know 2 people who got their first morgage remodified in half. is their anything I can do to eliminate or reduced this mortgage. i have great credit score, never late on payments, make ok money. i just know that i will never recope my money on this lot. thanks goldman sach. bank of america citi bank gm they all got bailout... i want my bailout...why can i get one??
3 weeks ago - 1 answers
Best Answer
Chosen by Asker
That is the risk you took when you decided to speculate on the lot. Sell the lot and claim a capital loss on it. Pay off the second.
by jlf
3 weeks ago
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