| Loss Mitigation General Chat loss mitigation |
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03-01-2009, 12:20 PM
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I need help with my 80/20 loan foreclosure?
I recently foreclosed on my home that had an 80/20 loan. The 80 was already auctions and sold but our 20 which was set up as a personal line of credit is still open and now we are being told by the collections agency that we have to pay the 20 percent that is still due. Is this true for az and what can we do, we don't have the money to pay the 20 percent or we would still be in our home.
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