Asked by Erica.rentals, New York, NY • Mon Jul 22, 2013
I own 4 unit building in Koreatown, Los Angeles. I asked my private lender to help me out by lowering my interest rate. Instead I got NOD which stated $5600.00 to bring loan current. The lender did not accept this amount. Said it was wrong and that the correct amount was $16,000.00. I didnt want to loose my property so i said fine but can i get a 1week extension because by this time i had a sale date. He said no on the extension. One day before foreclosure sale my lender offered me new loan. I signed papers in a rush like we were late for something. I didnt know my new payment until i got to escrow. It is higher than before now i really cant pay them and they are starting foreclosure proceedings again. I dont get it do they just want my property. Im devastated.
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