Who will own them? We still owe 15 years on ours... will it even matter? We have a fixed rate conventional loan. Can we discuss some probabilities?
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I can afford to pay the mortgage or pay it off. What now because the bank sent a form to me with different options including abandonment and getting a new mortgage. I chose the one that said I will continue to make payments. Then I got one saying they have the response and will review it and get back when they decide.
They shouldn't be "deciding" ANYTHING unless you default on the payments. You are an owner and as long as you're making the payments there is nothing they can do. You did say you are on the title correct? If not.....not good. Well you can live there for a year until they foreclose. I did that once. You do have other options IF you are on the title.