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Updated 4 months ago,

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2
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Rich Van Huesen
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The difference between delinquency amount and loan amount on a default notice.

Rich Van Huesen
Posted

What’s the difference between a loan amount and a delinquency amount. 
When it comes to default information? 

I’m looking to invest but want to the numbers so it make sense for the seller as well. 

Basically took a mortgage in 2005 for $520,000. Now there’s a delinquency amount of $270,000 and a loan amount of $104,000. (Default information) 


Help understand how’s this possible and what’s the difference between delinquency amount and loan amount? 

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