Where do I stand legally?
2 attorney answers
I agree; retain good local real estate lawyer, and investigate the refi, and/or confirm that you can make the third payment. Do NOT just sit back and hope for the best, it will not happen - be proactive. Hope this helps. gsg
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I think you have answered your own question: your new investor has offered refinancing. I would consider it if it lowers your interest rate significantly and the costs of the refinance (including new or updated title insurance and the like) are not diseconomic.
Consult a good local real property lawyer for me specialized advice.
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