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How to deal with subprime mortgage loans
What to do if you have a subprime mortgage you can’t handle? Default, walk away, sell at a loss? Here’s everything you need to know from author and CNN personal finance editor Gerri Willis.
Keywords:
subprime loans
subprime mortgages
subprime mortgage loans
subprime home loans
Duration : 0:3:32
Comments
sub prime loans are …
sub prime loans are the modern day equivalent of loaning money off the mob, unreasonable fees conditions and ultimately designed to take everything you own NOT own your own home after paying a fair rate over X number of years.
yea, deed in lieu …
yea, deed in lieu is a great idea until you find out your loan has been shuffled around the world, packaged into another CDO. My bank wouldn’t let me do a deed in lieu since Freddie Mac had bought the mortgage.