
All Foreclosure Home Page	Foreclosure Discussion Board

Renigotiate current Bank Loan

Posted by Nick on May 07, 2008 at 13:09:34:

With my option arm and late fee's I now owe 75k more than my original purchase price of $1mil between my 1st and 2nd (same bank). Living by a beach in southern Cali the only offers I have recieved in 6 mnths on market are for approx 750K as are the houses around me that are not being sold. Is there a possibilty the bank would renegotiate my loan for say 800K with me instead of shortselling for the low offers and/or complete forclosure and lose even more $$?

Follow Ups:

Re: Renigotiate current Bank Loan (url) - Mary Supinger 03:44:23 06/14/08 (0)
Re: Renigotiate current Bank Loan - Todd 18:35:55 05/07/08 (0)

Post a Followup

Name    : 
E-Mail  : 
Subject : 

Comments:

Optional Link URL : 
Link Title        :

If you press "Preview Message," you are taken to a preview screen where your
message is shown to you before allowing you to post it.
Your message is not finalized until you click "Post Message".