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Updated almost 10 years ago,

User Stats

534
Posts
216
Votes
Mike Flora
  • Investor
  • Menifee, CA
216
Votes |
534
Posts

Bringing a loan current fee

Mike Flora
  • Investor
  • Menifee, CA
Posted

I tried asking yesterday about this and I think I was too confusing in how I asked.

So if my seller is behind on there mortgage payments and I'm covering all closing costs for them, I'm assuming that when I pay the loan off that brings the loan current so I can close escrow?????? And then the only extra cost to that would be the late fee's from the months my seller missed???? Basically can I just expect to pay for the late fees on just this problem with my seller being behind on there payments????

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