Citifinancial Mortgage
High interest rate

We bought a property in 1999 for 40,000 financed. And STILL owe over 34,000, due to a 10 pct interest rate! That in itself should be fraud, since our credit is good, never missed a pmt, etc... The note, originally, was an OF, and then was sold, multiple times. CM has had it about 4? Yrs. We moved and bought a nome, since the other property is a 1978 trialer! And we found a good deal on the home we are in.
CM's property has been rented for over 3 yrs, and now renters have defaulted, moved, and the place is trash, not counting the age of the mobile home.
We can't get our loan modified, since it is not our primary residence, we obviously cant sell it for the amount owed, the realtors laughed at us about doing a short sale, since it is so old, noone will touch it, nor a deed in lieu of, since they want our whole life story, and it is stil not guaranteed that we will 'qualify"...
Nor a refi, since, again, it is not our primary residence..
I am so nervous about, besides losing our so hard worked for credit over the last 20 yrs, they wont help us with any solutions. It sux, they suck, any suggestions?
We cant pay 2 mortgages. Who the hell can unless you are rich...
Lordy, lordy... Just dont know what to do... A lawyer? Would that help? Since property value may be 15grand, certainly not 35 grand..

Company: Citifinancial Mortgage
Country: USA

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