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I have been renting out the condo, would this effect my ability to have developer buy back unit?
I have 2 last questions,
If the Bank cant even foreclose on the property because of no value in current situation, would this hurt my credit rating?
And secondly, If I tried to have sales transaction reversed. Is that thru original bank I got loan thru, or current bank that has mortgage now , or developer?
Thank you for your help, you have been very informative...
I'm a little confused about how the bank could technically go thru a foreclosure and be forced to buy back the condo themselves because of failed auction. How is that possible if I keep up payments? Is it a result if I put in a claim?
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