“Losing a few thousand dollars off the owed mortgage amount might even get them more.”

Facilitating Foreclosure - Fredericksburg VA House Buyers: If you owe the bank $150,000 on your mortgage and you are currently in foreclosure, why would the lender accept a $120,000 payoff if you can sell the house for that much? There’s a pretty simple reason and you will understand why when you know what they must do if they follow all the way through with the foreclosure. [..read more..]

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