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Updated over 5 years ago on . Most recent reply

Negotiating with lender for balance decrease?
If I have a contract on a property is it possible to go to the lender and negotiate the balance down for a cash payoff?
The note is incurring daily interest, property is in bad shape, and lender would most likely have to evict people currently living there- possible negotiation points?
Anyone have experience doing this?
Most Popular Reply

If the home has equity a short pay is likely not possible. If the house is upside down then it may be possible depending on account and borrower circumstances.