usually its a 83k remaining balance and then 6 months of arears... not to mention other fees and such, so its all dependent on how much each payment is. youre probably looking at close to 90k for a payoff balance, i'm in the same situation. almost same numbers too.. hehee
Probably the best thing to do is ask the owner to call the bank and ask for them to fax a reinstatement amount and a payoff amount. That way you know for sure.
I know this is a simple question - BUT I am just starting out. Can someone please provide me with some feedback.
Thanks!!
usually its a 83k remaining balance and then 6 months of arears... not to mention other fees and such, so its all dependent on how much each payment is. youre probably looking at close to 90k for a payoff balance, i'm in the same situation. almost same numbers too.. hehee
[addsig]
Probably the best thing to do is ask the owner to call the bank and ask for them to fax a reinstatement amount and a payoff amount. That way you know for sure.