Updated over 10 years ago on . Most recent reply
Wrap mortgage- Disclose to bank
I read & talk to BP that the best way to prevent acceleration & due on sale is just to tell the bank i'm going to pay for the pre-foreclosure seller in exchange for his property title. The thing that concern me is that why would the bank agreed to allow me to pay for the seller? Do they check my credit report? Maybe ask for a collateral from me?