| Loss Mitigation General Chat loss mitigation |
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04-02-2009, 10:09 PM
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If a house is in pre-foreclosure, will a bank
allow you to pay the default amt and assume loan if u r approved? Instead of letting house go into full foreclosure and go to auction
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04-02-2009, 11:28 PM
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possibly - if the mortgage is an assumable mortgage. you should contact the bank directly to work out options. they often will appreciate an offer if it means they do not have to go through the expensive legal ramifications a foreclosure brings. good luck!
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