Legal Question in Real Estate Law in California

I own an investment property, and I owe more than it is worth. I was given a "pick-a-payment" type loan, and the rate will adjust soon.

1. Are these types of loan legal?

2. What can I do to get out of this situation?

Thank you.


Asked on 6/08/11, 9:13 am

1 Answer from Attorneys
Isi Mataele 'Isi Mataele Attorney at Law

There are various stalling and renegotiation tactics. Contact an attorney and yes they are legal.

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Answered on 6/21/11, 8:48 pm


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