Okay here is the deal, my Friend helped me refinance by giving me an arm for my home loan with out an escrow account for my taxes and for my business ( who I have a co signer for ) My home also has a 40k lien from the business as collateral & to top it off he gives me a private lender who charged me 6thousand for being 30 days late one time and giving a partial payment for a following month. Now that private lender knows I had a death in the family and wants me to make payments of 4k per month wich I cant afford or they will foreclose. I’m in default they say – I cant refi because my credit sucks now and I dont know exactly what to do.
I have a clean corporate business i.d.
Can I use that to purchase a house with good credit or at least get the co signer off the loan?
Should I handle it with a lawyer ? I just dont know what to do… your advice would be appreciated.
I might have some equity in the home to payoff the lein…
I have more equity in the commercial site.
I already own a house that has a little equity not much.
by selling then purchasing another home that has less of a loan amount and less taxes maybe less maintenance…
I could be living a little better.
my business property is separate.