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What happens if you stop paying the mortgage?

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2011-01-04 23:08:08
2011-01-04 23:08:08

If your account is still in Escrow, your account will be closed "Purchasers default" which basically means they cant touch your credit because they didnt get a chance to deed it.

If you were Deeded, you should send a letter telling them to cease and desist. Also ask in the letter for a WDIL. That will stop calls plus will have them send you a deed to sign timeshare back to them instead of foreclosure. Its costs them more money to foreclose then it does for them to take it back.

Even if they say no, ask again. Or just wait. They will offer it to you.

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