QUESTION
Does a settlement on a second mortgage close it out for good? How?
Asked on Aug 19th, 2015 on Foreclosures - New York
More details to this question:
American Servicing bought my second mortgage from my original loaner. They are offering to settle my $88K second mortgage for $2K. If I do this, does it close this out for good? If I don't what would happen? I don't want them to be able to come back later for more.
3 ANSWERS
That would be a yes.
Answered on Aug 25th, 2015 at 7:56 PM
Yes but make sure to get a local lawyer involved.
Answered on Aug 19th, 2015 at 4:33 PM
Business Law Attorney serving White Plains, NY
2 Awards
It depends on the circumstances.
Answered on Aug 19th, 2015 at 3:52 PM