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โˆ™ 2017-06-21 21:46:11
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Q: Can you negotiate the deficiency balance that you will repay with the law firm representing the lender?
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Related questions

Does it help your credit if the lender agrees to accept a lesser amount than owed on a repossession balance?

It helps your pocket but NOT your CR. The repo is still there unless you negotiate with the lender to remove it also.


Can a lender file Deficiency Judgment in Indiana?

Yes, a lender can file for a deficiency judgment in Indiana. The court has to approve the judgment in order to prosecute.


Approximately how long after your car is repossessed do they come after you for the deficiency?

As soon as the lender sells the car, they will know what the balance due is. Then they will come after the money. You will know when that happens.


Can a creditor sue you for a deficiency balance in the State of Oregon?

Yes. The lender can sue you also for fees, costs, and penalties incurred in the attempt to recover the debt.


If a lender is already in bankruptcy can they still file a deficiency judgment against you in the state of Florida?

Unclear whether the deficiency would be filed by the lender or by the trustee of the bankruptcy estate.


Can auto repossession be negotiated?

The company repossessing the car has no authority to negotiate terms with you. They are simply there to repossess the car. You must negotiate with your lender. Hopefully, you will do this before the the repossession order is submitted by the lender.


Can the lender sue for deficiency in NV?

Yes. And read your loan agreement.


Does Pennsylvania have an anti deficiency law?

Lender must file for a deficiency action within six months of completion of foreclosure.


What if you win lottery and stop paying mortgage?

The lender will take possession of your property by foreclosure. It will then sell the property and will pursue you in court for any deficiency and legal costs.The lender will take possession of your property by foreclosure. It will then sell the property and will pursue you in court for any deficiency and legal costs.The lender will take possession of your property by foreclosure. It will then sell the property and will pursue you in court for any deficiency and legal costs.The lender will take possession of your property by foreclosure. It will then sell the property and will pursue you in court for any deficiency and legal costs.


How can you negotiate with your second mortgage lender to take a small lump sum payoff?

"How Can I Negotiate With My Second Mortgage Lender to Take a Small Lump Sum Payoff" is an article available on the SFGate Home Guides section which explains in detail how to do just that.


Can you file a chapter 7 bankruptcy if a lender files a personal judgment for deficiency?

Yes


How can a contract be changed in a housing loan?

You will have to negotiate that with the lender. It may require a new loan on the property.

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