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My mortgage is under loan modification and it has a clause
my mortgage is under loan modification and it has a clause can sell and have a have balloon payment at maturity of the loan? Is this legal? … read more
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Im looking to purchase a property in Florida (Broward
Im looking to purchase a property in Florida (Broward County) using Seller Financing. The seller suggested a balloon payment as well. How can I protect myself in a transaction like this? Is there a st… read more
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I own taxi medallion, they are in serious trouble with
I own taxi medallion, they are in serious trouble with declining value I just finished refi and had to put up my house as further collateral for the medallion loan The CU is all so in serious situatio… read more
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I bought a p piece of land and the owner finance it what's a
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Balloon payment late fee on investment property, We have a
We have a 345K loan on a non-owner occupied property. We are refinancing it because it has a balloon payment .. it was due Feb. 1. The lender just gave us the payoff and included a 10% late fee of $34,500. We read through the note and sure enough they slipped that verbiage into the note and we just received a letter from them dated Feb. 1, postmarked March 8th notifying us of the late fee. Is this legal? … read more
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5 years ago, I purchased a home via Contract (owner
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My mom owns a house she has 3 years left on her loan
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Fred: With regard to the balloon payment on my second mortgage,
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I sold my business in January this year. The buyer pays me
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Have balloon payments tacked on to a home mortgage been outlawed
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do you think it is possible to get a loan modification on a
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do any of the lawyers on-line review documents for legality
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HI my name is Stanley i have a buyer that wants to buy my house
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I am in a very bad situation where I just received my notice
I am in a very bad situation where I just received my notice of default and election to sell under deed of trust paper. I really need help in trying to keep my property and wonder if you would be an a… read more
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I am starting a new business. It is a website for Mortgage
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what is a non interest accruing balloon payment, are they good
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DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

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