beneficial or not to talk to lenders?
Posted by agnes on November 28, 2006 at 20:25:08:
does it help to talk to both lenders, we've just received the notice of delinquency from both lenders today, we're actually willing to give up the property but since the property has two lenders, we dont know what to tell them. short sale is good if both lenders would agree to it. should we talk to them ?we've spent a lot of money already on this property and we've done everything just to keep up with the payments til it got to a point where we cannot afford it anymore, the property is still in the market since july, most home shoppers like the house but they are just not making any offers, and we've dropped the price way way low just enough to cover the agents and the amount owed. property's been upgraded from flooring to bathroom and kitchen plus we got this house in january this year, i know we should have waited to do upgrades but what's done is done. so pls let me know if we should talk to the lenders or not?
Follow Ups:
- Re: beneficial or not to talk to lenders? - steele in minnesota 04:13:14 11/29/06
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- Re: beneficial or not to talk to lenders? - Laura 12:49:50 11/29/06
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- Re: beneficial or not to talk to lenders? - steele in minnesota 08:44:33 11/30/06
(1)
- scared - monique wyatt 13:30:20 12/30/06
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