Legal Question in Real Estate Law in Georgia

our primary home is in loan modification in georgia. we would like to purchase an investment property in florida. is this possible with the modification on the primary home?


Asked on 3/08/11, 11:23 am

2 Answers from Attorneys

Phillip M. Cook Cook Legal Services, LLC

Yes, it's possible. It is almost impossible through a traditional loan, and you risk blowing up your current modification. But if you have alternative/seller financing, then it can be done. Whether it should be done is a different question.

Best of luck.******The above is for informational purposes only and does not create an attorney-client privilege.********

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Answered on 3/08/11, 11:42 am
Scott Riddle Law Office of Scott B. Riddle, LLC

That is not a legal question. It is a question to be answered by the lenders you contact and no one here can answer for them. If you need a loan modification in Georgia, it is likely you should not be buying other property or you were less than forthcoming on the loan modification paperwork.

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Answered on 3/08/11, 1:05 pm


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