Posted on: 09th Jan, 2011 01:31 pm
What is a charge off within the lender. Is it different than a regular charge off? What can the lender do with the charge off?
hi geo,
charge off within the lender is nothing different. the lender may have a loss mitigation department of his own and he may have charged off the mortgage to this department who will in turn collect the dues from you. it is the loss mitigation department with whom you'll have to deal with in order to pay of the dues.
thanks
charge off within the lender is nothing different. the lender may have a loss mitigation department of his own and he may have charged off the mortgage to this department who will in turn collect the dues from you. it is the loss mitigation department with whom you'll have to deal with in order to pay of the dues.
thanks