Negotiating Unpaid Interest On Unpaid Balance
How likely will a mortgage company be to negotiatewave the accrued interest on a
late mortgage to a potential buyer/
The original mortgage was at $102k and is three years old. The last payment was made on 11/02..... so the interest that has accrued to date and any other expenses plus mortgage equals a total of $108k..... The homeowner will accept the payoff as the purchase price. Will I (potential buyer)be able to get the mortgage company to wave all or part of the interest accumulated during the past 9-months? 
It all depends on who you talk to at the mortgage company. I personally give it a 50/50 chance. You will however want to make sure that any negotiated price is on behalf of the current owner. Sometimes they will go after the owner for anything you dont pay, as the current owner is liable for anything that isnt paid. In turn if you agreed at a price they could expect the extra monies from you , nullifying your negotiation. It will help if there are any repairs that need done like new carpet, paint etc. As that will lower the price if they were to go to auction. Take pictures showing the areas and have them take those costs into consideration.
Good Luck,
Kyle