More details to this question:
A line of credit of $72,000 from a bank taking approximately 15 years prior reached its termination date. Payments are still being done on time, but bank is forcing me to pay 5 times more per month (1,500.00) monthly instead of $300.00. I need an extension of a maximum of 3 more years to sell property and pay them off. Can you help with it and to avoid foreclosure?
2 ANSWERS
Kenneth Steven Pelsinger
Yes I can to fight a foreclosure you must sue the bank they will not take advantage of you the only language they understand.
Answered on Sep 09th, 2013 at 11:57 AM
General Law Attorney serving Cherry Hill, NJ
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Mark S. Cherry, Attorney at Law, PC
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Perhaps the bank will refinance but first it needs to be determined if they have the right to increase the payments pursuant to the note.
Answered on Sep 06th, 2013 at 5:18 AM