Pre-Foreclosure Principle Balance

Regarding pre-foreclosures, is it typical to pay just the principle owed on the note, or must one cover the interest owed on the note as well?

Comments(1)

  • donanddenise14th September, 2003

    The lending institution wants what they are owed, negotiate, they just want there money, they would rather have the interest also, but principle regained is better than a write off to them
    Good negotiating

    Don

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