foreclosure in mo

Posted by karen on June 24, 2003 at 00:16:13:

need help with foreclosure buyout amount. i have been told that the party must accept the balance of the note as settlement is this correct. i am in mo and have sale date next week and she just finally gave a payoff amt of 71000.00 the original note was 49,400. we have been told that she must accept the balance on the note as settlement please advise