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I have 4k left on my mortgage. However, Sarasota Housing and community development gave me 30k to re

renavate. I do not have to pay it back unless I sell it within the next 7 years. I pay no interest or principal. They told me "no one ever pays it back" would I have to wrap this up if I took out another mortgage, for the same amount of payment? I pay $371 now. I aalso have a 5k on water intall that I do not pay on. Only if I sell the house. wllI have to wrapthat up. please advise. Who would give me a loan soit worked out to be I owe the same amount,or slightly less than I pay now.($371) I am on disability.
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December 05 2012 - Sarasota
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Get all the details in writing and sit down with an attorney in Sarasota and have them explain it you. It might cost you some money to have it explained, but it might be well worth it. Look for an attorney that offers free consultation on the first visit.
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December 05 2012
 
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