Skip to content
Two investors reviewing resources on a laptop

Get industry-leading resources — for free

Unlock resources for every investing strategy and stage with a free account.

By continuing, you agree to BiggerPockets LLC's Terms of Use and Privacy Policy

Followed Discussions Followed Categories Followed People Followed Locations
Mortgage Brokers & Lenders
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

2
Posts
3
Votes
Richard McIntosh
  • Investor
  • New York, TX
3
Votes |
2
Posts

Bit of trouble

Richard McIntosh
  • Investor
  • New York, TX
Posted

Recently divorced, took a job out of state, ex wife missed 8 payments on mortgage thats dropped my credit (she got the house from divorce) and I need to get back on my feet. How can I take equity from one of my rentals with under 600 score and the late payments on history 

Most Popular Reply

User Stats

1,632
Posts
1,684
Votes
Tim Swierczek
  • Lender
  • White Bear Township, MN
1,684
Votes |
1,632
Posts
Tim Swierczek
  • Lender
  • White Bear Township, MN
Replied
Quote from @Richard McIntosh:

Recently divorced, took a job out of state, ex wife missed 8 payments on mortgage thats dropped my credit (she got the house from divorce) and I need to get back on my feet. How can I take equity from one of my rentals with under 600 score and the late payments on history 


 This is the type of situation you want either private money or Hardmoney if you’re gonna keep the property, but it might be better to sell paid on debt and recover. 

  • Tim Swierczek
  • Loading replies...