HOW TO GET OUT OF A LOAN WITH BALOON PAYMENT
Hey guys, my aunt had a paid off house until her son took out a large sum of money against it they refinanced, then 2008 happened and my aunt did a home remod. long story short that paid off house now owes 350k with a ballon payment that comes in about 20 years which my aunt wont have the money to pay for and will end up losing the house. Her father recently died and left her a paid off house which i currently live in she does not want to sell either house is there any way we can renegotiate terms, leverage the paid off house, or maybe I can some how purchase at a cheaper rate hold the deed and let her continue to live in house.
Any experts out there with the some input its greatly appreciated i want to save my aunts home and hopefully help her save money or even make money.
THANKS!