Will The Bank Take A Reduced Portion Of Back Payments?
The owner owes 13,000 late payments. The sale is in a month. Would the bank take some cash and then add the rest on the back end? If so how much? The bank is Washighton Mutual.
Thanks
JamesStreet
If you have a signed authorization to release information form, call the lender and ask. You can represent yourself as a "financial advisor" of the Seller or even a friend of the seller, and see what they say. They may want to know how the seller will be able to make these payments in the future, so be prepared to answer that question. Give it a try and keep us posted. I think everything is negotiable. Good luck.