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Real Time Resolution- Any suggestion

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Anonymous
Not applicable

Real Time Resolution- Any suggestion

I do have a 2nd with Real Time resolution(RTR). Modified 1st and looks good till date but trying to negotiate with RTR now. There is little equity now and not sure how to approach them. I called and was told my property is in early stage of foreclosure(strange...RTR is 2nd). I don't mind to refi and pay  them off but do not want to pay 100K. I received bill on a monthly basis that states the outstanding principal balance, monthly interest but no disclosure of accrued interest. RTR want me to fill Loss mitigation Application first. Any advise?

Message 1 of 3
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gdale6
Moderator Emeritus

Re: Real Time Resolution- Any suggestion

Welcome to the board Smiley Happy

Am going to move this to the mortgage forum, thats where the gurus on this stuff hang out.
Message 2 of 3
Anonymous
Not applicable

Re: Real Time Resolution- Any suggestion

They aren't going to foreclose if there is no equity. They would have to pay off 1st mortgage to foreclose.  I'm not sure I'd offer them much information.  

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