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Updated about 9 years ago,

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Account Closed
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  • from Null
  • Member since Aug 5, 2015
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Account Closed
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  • from Null
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Account Closed
  • Student
  • Null
8
Votes |
149
Posts
Starting Out

Wrap mortgage- Disclose to bank

Account Closed
  • Student
  • Null
Posted

I read & talk to BP that the best way to prevent acceleration & due on sale is just to tell the bank i'm going to pay for the pre-foreclosure seller in exchange for his property title. The thing that concern me is that why would the bank agreed to allow me to pay for the seller? Do they check my credit report? Maybe ask for a collateral from me? 

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