"Teresa my answer depends on what type of loan it is. If the answer is its govt backed then I tell them no. Fannie and fha and va allow up to 6%. I know b of a has there own rule about that saying they can reduce. I just went thru this last month…"
"He means that you're
going to have to negotiate something with them to make them go away. Sometimes after a bk they will release the lien other times they want some sort of settlement. There is a form that can be filed during a bk that…"
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