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Old 02-25-2008, 03:37 PM   #47 (permalink)
Moe Bedard
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Re: Will Lender Add PMI, Tax etc. to Mod Pymt?

They have worked with you by spreading your taxes over 48 months........that is more than the norm..........the most amount of time they ever spread taxes out is 36 months........
So there is your favor....
If you decide again to not pay back the taxes the lender has the right to accelerate right to foreclosure without any notice............
you are playing with fire on the tax issues........you missed 2.5 years they aren't going to do any more than they have done already...........
If the payments are still not affordable even after they spread the taxes out over 48 months then you might want to consider planning an exit strategy from the house before it is too late.....
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