Mtg higher than house value.
October 19th, 2010 by Questions
A Split. Mtg higher than house value due to re-finance with same bank. Penalty to discharge is $20K. Will try & negotiate with bank to waive penalty & pay back mortgage in full at our cost. If not, loss to bank approx. $20k to sell. I know they can sue us for difference. If we file, which looks like we will, will it protect us from their lawsuit ?
Posted from: Ontario