80/20 mortgage loan dilemma: How to avoid your second mortgage

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Everywhere I go I hear someone complaining about their house being worth nothing at all. They use the terms “underwater,” “worthless,” and “hopeless” to describe situations regarding their home. It is a tough time right now for folks who purchase a home between the years of 2004-2007 and are trying to keep these homes.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Michael Goldstein, Phillips Law Offices, LLC | Attorney Advertising

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