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Updated 4 months ago,
The difference between delinquency amount and loan amount on a default notice.
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?