funkymonkeyjedi
Engaged Member
- Jan 16, 2023
- 2,028
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Banks will never agree to a full cancellation. Unless you offer straight up to pay it off then and there with interest.Oh, but what if Patrick doesn't want to negotiate ? It just gets cancelled ?
But Banks will listen to offers of letting them make more money for a small modification. For instance, If Maya can come up with a straight up immediate payment and the offer to keep paying the same amount for the same duration at the same interest rates. They'd be stupid to refuse it. But as I pointed out, she'd have to prove she could pay it off by having a down payment on-hand at the time of negotiations. Banks will always accept 'legal bribes' like that.