Updated over 5 years ago on . Most recent reply
Foreclosing on a private 30 year loan
I have a 30 year note with a 7% interest rate for a couple that has not refinanced in the past 17 years with low rates available everywhere. We are in Georgia and are aware that they are going through a divorce. The home has probably doubled in value since 2003. They are saying that due to COVID 19 they need 5 months relief from payments. At first it was just a month, then 3 months, now 5 months. Does anyone know what legal course of action I can take to ensure they don’t just wind up squatting in the house without making payments anymore? Thanks for the help.