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i need help. i live in fl. my grandfather took out a loan for 75,000.00 using 5acers of land for collateral. it was a 5yr balloon. he died 1yr later. i assumed the loan. balloon payment due 65,000.00. there is a 1969 modular home on property that i live in. the land has been appraised at 150,000.00 i have good credit and steady job. can anyone help please by twtcwill from Deland, Florida. Jul 8th 2011
Gianni Cerretani (mortgagegodfather)
#32 ranked lender in Georgia - 238 contributions
My suggestions would be to go to a local bank and see if they will take out the ballon note on the land. Is the modular home a mobile home or was it a home brought in on truck in a few pieces?
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