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Author: kook79 Two stars, 250 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 127473  
Subject: Re: Consolidating Mortgages Date: 12/12/2012 2:00 PM
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AJ, good to see you again on the boards. Remember I used to hang around the consumer debt board. The LTV on this property is 95% and I've offered it to the tenets more than once for purchasing but they enjoy renting it right now. If I were to sell it, it would probably go for less than what I owe plus closing costs and agent fees. I do have my real estate license and would sell it myself, but the fees that add up to unloading a property and horendous. I have an appointment with a bank today to talk about this property outside of the BAC and regular commercial channels.

Talking to my financial mentor, I told him that I guess the best thing for me to do is hound my millionaire friends and see if anyone wants to loan me the money to do the refi and thus they would own the mortgage. No response.

kook
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