Legal Question in Real Estate Law in New Hampshire
I have 3 rental properties and can no longer float them
how can i walk away leaving me in my best position?
Asked on 4/12/12, 9:39 pm
1 Answer from Attorneys
Bruce L. Dorner
Dorner Law Office
Unfortunately, there is no "one size fits all" answer to your question. It really depends upon the terms of the loans, the value of the collateral and the equity position you hold in each of the properties. Another variable is the determination of your real ability to pay the debt and the risk factors involved if you do not make payment. I sugest that the only way to get a good analysis of your situation is to meet with an atorney to review all the facts and circumstances so that you can find the best solution in a challenging position.
Answered on 4/13/12, 5:57 am