Loans, Debt & Credit - View Single Post

sparky · 05-28-2008, 08:50 AM

I'm in same situation. I have investment properties. Have more than half of them up for sale, but no takers. They have so much to choose from. Trying to decide if just let them go to FC or short sale. My credit is gone now anyway, so don't know if it makes much difference. Would like to know what other investors are doing. I have heard that lenders don't do loan mods on rentals, but I have a couple that are still in process that they know are rentals. What's your exit strategy or Plan B??????

05-28-2008, 08:50 AM	#5 (permalink)
sparky Senior Member Join Date: Jan 2008 Posts: 60 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: BK and Loan Mod strategies I'm in same situation. I have investment properties. Have more than half of them up for sale, but no takers. They have so much to choose from. Trying to decide if just let them go to FC or short sale. My credit is gone now anyway, so don't know if it makes much difference. Would like to know what other investors are doing. I have heard that lenders don't do loan mods on rentals, but I have a couple that are still in process that they know are rentals. What's your exit strategy or Plan B??????