| Mortgage Forclosure The forum for everything related to Mortgage Forclosure |
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06-10-2009, 01:44 PM
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In foreclosure process, second assumed by lender's...
...mortgage insurance. Now what? We are currently in the foreclosure process. We have a second mortgage with USAA that was just assumed by their insurance company. What will happen with that, will they hand it over to a collection agency? It was for $121,000. I've been told that it's easier to negotiate with the collection agency to lower the payoff amount.
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