Posted on: 29th Oct, 2009 02:41 pm
The bank wants to settle on 24 K and i owe 116K as a result of a short sale.
I was left with the 116K balance. Is this a good deal. How do i pay? should i pay 50 % and make no interest payments ? What do i Do?
I was left with the 116K balance. Is this a good deal. How do i pay? should i pay 50 % and make no interest payments ? What do i Do?
Hi gatorJV!
Welcome to forums!
The bank wants to settle the $116k for $24k - It's a good deal in my opinion and you should go for it. As far as the payments are concerned, you should request the lender to give you a payment plan. This may help afford you to repay the balance amount.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
The bank wants to settle the $116k for $24k - It's a good deal in my opinion and you should go for it. As far as the payments are concerned, you should request the lender to give you a payment plan. This may help afford you to repay the balance amount.
Feel free to ask if you've further queries.
Sussane