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the date for sale is the 27 if i dont pay the amount they are asking

2007-03-18 07:53:35 · 1 answers · asked by bo 1 in Business & Finance Renting & Real Estate

1 answers

I wish I had seen your questions sooner. IA lot of banks will work with you and even forgive some of the debt. If you still owed say $8000.00 they might let you refinance it for $6000.00 and forgive the other 2K. The same with the house. It costs a lot money for the bank to foreclose and they would rather workout something before it gets to that. Again they might allow you to refinance for a longer term. That way they might be able to get you in a better position so you could pay. Everybody would win. If for some reason you couldn't make it, they still have the foreclosure option.

2007-03-18 08:05:31 · answer #1 · answered by ttpawpaw 7 · 0 0

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