Posted on: 08th Dec, 2009 09:30 am
I am in escrow on a short sale property. The second lien is now with a collection agency. They issue payoff demands for 30 days. How can I stop them from increasing their demands. The first allot $3712 to the the 2nd but the collection agency is demanding almost $6000 by Dec. 28th.
how did they calculate $6000 as opposed to $3712? was the actual amount closer to the $6000? they'll keep adding interest until they get paid - the sooner they get paid, the more likely that they'll reduce the total due to satisfy the debt.