Boston Real Estate for Sale

From today’s Globe:

Q: I am a loyal reader who should have taken your advice. When my adjustable-rate mortgage was recently “recast” to current interest rates, the unpaid interest was added to the mortgage principal balance. I now owe about 110 percent of my home’s market value. I recently lost my tech job, which paid over $100,000 annually. Do I have any recourse to convince the mortgage lender to do the right thing? –Rick C.

A: No. And, please, what is your definition of “right”?

(P.S. Yes, I realize I’ve basically just reposted parts of articles from today’s newspapers … slow news day, plus I’m a bit tired & busy; better tomorrow.)

Source: Praying for a ‘short sale’ – By Robert J. Bruss, Inman News, by way of The Boston Globe

Back to Boston condos for sale homepage

Contact me to find out more about Boston condos for sale or to set up an appointment call/text 617-595-3712.

Boston condos

Boston condos for sale

SEARCH FOR CONDOS FOR SALE AND RENTALS

For more information please contact one of our on-call agents at 617-595-3712.

Updated: 1st Q 2018

Call Now