Posted on: 15th May, 2009 10:14 am
I have a truck thats paid off worth 12000.00 boat worth 2500.00 and camp trailer I owe 12000.00 on not worth much more than that. In a loan modification will the bank allow me to keep them???
Hi halsbride!
Welcome to forums!
As far as I know, the lender may place liens on your other properties if your property goes into foreclosure and you cannot pay the deficient amount. However, if you go for a loan modification, then you would be able to save the properties from lien.
Feel free to ask if you have further queries.
Sussane
Welcome to forums!
As far as I know, the lender may place liens on your other properties if your property goes into foreclosure and you cannot pay the deficient amount. However, if you go for a loan modification, then you would be able to save the properties from lien.
Feel free to ask if you have further queries.
Sussane