Investment Property Lenders
I own a primary residence, a business (even a business loan). I can not exclude two investment properties?
without my business or sell my house to pay the principal lender for the two as investment property?
Is this investment in your name, or by having to keep a company? If it is in your name and you default on loans, your credit rating is shot. (PS only one lender can take, you can not.) Foreclosed assets are required to be sold (usually at the courthouse door) to the highest bidder. Lenders will be there to an offer ridiculously small. If you know anyone who wants to know the properties, carefully protect the sale and try a little. The sale price is on the balance be applied, and you will be personally liable to pay the deficit. Lenders may file a lien on your home and business, and everything you own, the deficit by. If there is no way you can find someone else to these mortgages (no money for you) take over, you come out far ahead. Give them a quitclaim deed and assignment Mortgage happily away. If you hire people to make a deal of real estate now, can they really be happy they have no money.
Money lender, private lenders, investment property
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