BlueBoy:
Even if the lender decided to do this, you would still have ample time to sell the house to another investor. Banks are in the business to make money, not take houses back!
As long as the payments are paid on time, the bank will not be inclined to call the loan due. They just want to get paid!
being the loan is in my name wouldnt a foreclosure go on my credit if the investor decided to back out?
BlueBoy:
Even if the lender decided to do this, you would still have ample time to sell the house to another investor. Banks are in the business to make money, not take houses back!
As long as the payments are paid on time, the bank will not be inclined to call the loan due. They just want to get paid!
Best Riches,
Jeff Adam
[addsig]
[ Edited by blueboy7882 on Date 02/09/2005 ]
Whoever is holding the second could foreclose, however the first would have to be paid off as they are in first position.....
Best Riches,
Jeff Adam
[addsig]