Legal Question in Real Estate Law in Florida

hard money lender

I refinanced 2 yrs ago thru private lender with a 10% int. only loan,which does not show on any credit reports. Original length of loan was 1 year, during the year I was promised that I would be refinanced to better interest. The year has passed and according to the note mortgage was due in full. We cannot refinance now due to home value drop. My question is if we walk away from the house will THEY be able to report to credit bureaus? We just want to walk away from this nightmare, and live within our means. They can keep the house. Thank you so much for your time and advice.

1 Answer from Attorneys

Related Questions & Answers

More Real Estate and Real Property questions and answers in Florida

Looking for something else?