by torrenslawgroup | Jul 3, 2021 | acceleration, Avoid Mortgage with a Balloon, Balloon rate Mortgages, Blog, Foreclosure, Mortgages:, New Homes, Real Estate Foreclosure Attorney
We review a lot of mortgage loan documents in our law practice. One problem we see a lot is the infamous balloon. In a mortgage loan, a balloon means that the entire mortgage balance comes due on a specific date. If you don’t pay it immediately, you can get foreclosed...
