If you wonder how to convince your lender to actually
accept a lesser payoff — the answer is that the lender must be convinced you have no ability to pay the full amount of your debt now or in the foreseeable future.
Asking how to convince your lender to
accept a lesser payoff is the same as requesting a debt settlement.
However, if you have reached the point where you are focused on how to get a credit card company to
accept a lesser payoff, chances are your credit is already in tatters.
Not exact matches
The only fundamental difference between a short sale and any other residential real estate transaction is that your lender has agreed to
accept a
payoff which is
less than what you owe them.
*: With a Eden Prairie short
payoff, the lender
accepts less than the remaining mortgage amount as full payment of the loan.
*: With a Anoka short
payoff, the lender
accepts less than the remaining mortgage amount as full payment of the loan.
*: With a Minnesota short
payoff, the lender
accepts less than the remaining mortgage amount as full payment of the loan.
*: With a St Paul Daytons Bluff short
payoff, the lender
accepts less than the remaining mortgage amount as full payment of the loan.
*: With a St Louis Park short
payoff, the lender
accepts less than the remaining mortgage amount as full payment of the loan.