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Posted by Karen on April 23, 2002 at 01:34:01:
Our house is going into foreclosure. The mtg. company is sending us a work out plan. Can someone tell me what this is and how long the process takes?
We were close to foreclosure last year but we managed to reinstate the loan. Do you think they will go for the workout plan this time or do you think we look like a bad risk?
If we look like a bad risk [which is my gut reaction] and they won't accept it, what else can we do?
Thank you in advance
