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Posted by steele in minnesota on February 27, 2007 at 17:21:01:
In Reply to: WHATS THE BEST posted by jeff sarver on February 24, 2007 at 13:53:55:
You would think that in this enlightened age of foreclosures that a lender would realize that you shortly can be taking care of things. But with the many departments at the various banks things can get lost or fouled up on a regular basis.
Not an attorney (and I would contact one), but there would be a temptation to settle with other creditors for less. As you said, a lot of the damage is already done.
Personally, if I had the money I would still be honorable with my creditors. Ethics over money, at least for me.
It's a personal decision.
No pressure, eh? :>)
Steele V. Propp
Foreclosure Specialist
Schatz Group GMAC Real Estate
Minneapolis, MN
steelep@aol.com
www.MinnesotaForeclosureNetwork.com