New York  |  Real Estate Law

Legal Question

Asked on: 11/05/13, 6:59 am

I own a two family home in brooklyn ny. 8 years ago I took out a 2nd balloon mortgage at 11.125 %. I have not been able to make thepayments and have defaulted on both first and second and am now being sued by the second civilly. When I got the second there was clearly not enough equity in the home for me to be approved however they approved me anyway. Can I countersue based on this?

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