Forclosure: Call or go to the bank?

JohnnyBeGood · #1 (**permalink**) 10-14-2008, 04:43 PM

Hi,

What is best way to call or go to the bank to negotiate lowering payments instead of doing foreclosure?

brian · #2 (**permalink**) 10-30-2008, 07:41 AM

Have you tried simply calling them to see what they might agree to in principle anyway?

JohnnyBeGood · #3 (**permalink**) 10-30-2008, 11:58 PM

I thought my post went to archives.
Yes, I called them already and they sent me papers to fill out and I should send them statements and letter of explanation.

skins_fan · #4 (**permalink**) 10-31-2008, 01:14 AM

With ow many foreclosures these banks have on their books nowadays I woud think they would rather negotiate the term some than add more bad real estate to there books.

Good luck!

JohnnyBeGood · #5 (**permalink**) 10-31-2008, 01:15 AM

Quote:

Originally Posted by skins_fan

With ow many foreclosures these banks have on their books nowadays I woud think they would rather negotiate the term some than add more bad real estate to there books.

Good luck!

Thanks! I'll needed it.

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