mortgage

7 choices for underwater condo owner

Defy the board
Defy the board

She could defy the condo board and rent the unit to a tenant.

"This is not a recommendation," Drewes says. "Some people go ahead and try to stick in an unauthorized renter." These owners run the risk of incurring daily or monthly fines from the condo association. And the condo might have rules allowing it to evict the tenant.

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Claes Bell

Mortgage rates in Los Angeles

See this week's average rates for the 30-year fixed-rate mortgage, 15-year fixed-rate mortgage, 5/1 ARM and 30-year jumbo mortgage in Los Angeles.  ... Read more

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