Loans, Debt & Credit - View Single Post

curtisgc · 10-30-2009, 12:40 PM

I put a sizeable down payment over 525k, my first is for 750k and my second is for 250k, I refinanced my second and pulled some money out about 150k. Purchase price was 1.35 million. So if I can recind the loan I would get my downpayment back, all interest paid plus fees? Then I would be on my own to get a loan for the difference? Most of my mortgage payment is interest, would that be returned to me also? I could find a hard money loan to satisfy my loan if I was able to recind. What are the chances of that happening? Does anyone know of a success story?

Sorry for the delay, I could not see my responses to my posts until now.

10-30-2009, 12:40 PM	#4 (permalink)
curtisgc Member Join Date: Oct 2009 Posts: 6 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Loan Mod Failed. Hired Lawyer I put a sizeable down payment over 525k, my first is for 750k and my second is for 250k, I refinanced my second and pulled some money out about 150k. Purchase price was 1.35 million. So if I can recind the loan I would get my downpayment back, all interest paid plus fees? Then I would be on my own to get a loan for the difference? Most of my mortgage payment is interest, would that be returned to me also? I could find a hard money loan to satisfy my loan if I was able to recind. What are the chances of that happening? Does anyone know of a success story? Sorry for the delay, I could not see my responses to my posts until now.