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Tina, Lawyer
Category: Real Estate Law
Satisfied Customers: 5436
Experience:  17 years of legal experience including real estate law.
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If i default on my mortgage when i technically have enough $

Customer Question

If i default on my mortgage when i technically have enough $ to pay, not by much, can they come after me?
Submitted: 6 months ago.
Category: Real Estate Law
Expert:  LawTalk replied 6 months ago.

Good afternoon,

I'm Doug, and I'm very sorry to hear of your situation. My goal is to provide you with excellent service today. In order to give you a clear and concise answer, I will need some additional information about the circumstances, please.

1. Is the mortgage you are concerned about the mortgage you took out when you first bought the property---or a modification of that first mortgage? Or is it mortgage not taken at the time of purchase?


Customer: replied 6 months ago.
It was a 10yr interest only refi right before the crash.

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