Asked by Felix, Indio, CA • Sat Feb 9, 2008
I move in, and I rent it out the other house. Recently, I got a letter from my calHFA saying that my old house will be foreclose because I'm not occupying the home. I'm not allow to rent it. According to them, my options are to seell, refinance or move back to my old home. However, I can not ckick out my tenants because they have a conatract for one year. likewise, I don't want to refinance my 5.5 fix mortgage into a higher rate. Any advice? Likewise, I'm having trouble to make my mortgage payments in my new house. Any Ideas?
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