pre-payment penalty

Posted by debbie on August 01, 2006 at 07:20:24:

Hi,
If a property is in foreclosure and the second is taking a short sale can the first lien holder still collect the prepayment penalty even though the full amount of loan stands to paid in full by an investor? Is it legal to collect the pre-payment?

Follow Ups:

• Re: pre-payment penalty - Roe 02:08:31 08/05/06 (0)
• Re: pre-payment penalty - NJDave 11:04:30 08/01/06 (0)

Name    : 
E-Mail  : 
Subject : 

Comments:
: Hi,
 If a property is in foreclosure and the second is taking a short sale can the first lien holder still collect the prepayment penalty even though the full amount of loan stands to paid in full by an investor?  Is it legal to collect the pre-payment?


Optional Link URL : 
Link Title        : 
Optional Image URL: 

    

    

    
   

Foreclosures Section

Foreclosure Help

Foreclosure Investing

Real Estate Articles

Our Site Resources

Discussion Archives