Loan Modification Forum - LoanSafe.org - View Single Post - Please take a look at my letter...I need help with a DIL

Moe Bedard · 11-12-2008, 11:07 AM

it is a settlement...............the 10k was in payments over a certain period of time...........the 3k is to settle the debt in a lump sum offer.........just make sure that it will indicate that the debt is settled in full and there will not be a deficiency left over of any amount and that the documents state that.

11-12-2008, 11:07 AM	#21 (permalink)
Moe Bedard Founder Join Date: Aug 2007 Location: Southern California Posts: 16,685	Re: Please take a look at my letter...I need help with a DIL it is a settlement...............the 10k was in payments over a certain period of time...........the 3k is to settle the debt in a lump sum offer.........just make sure that it will indicate that the debt is settled in full and there will not be a deficiency left over of any amount and that the documents state that. __________________ Moe Bedard Founder LoanSafe.org "America's #1 Home Loan Forum" LoanWorkout.org "America's # Loan Modification Blog" Get My FREE Loan Modification E-Book \| Please donate to LoanSafe.org \| Loan Modification Training For Attorneys \| Rate Your Mortgage Servicer The comments by me and the materials available at this web site are for informational purposes only and not for the purpose of providing legal advice. Most of the information you find here is easily available on the internet. You should contact your attorney to obtain advice with respect to any particular issue or problem. The opinions expressed at or through this site are the opinions of the individual author and may not reflect the opinions of the firm or any individual attorney. Please Read our Privacy Policy and Legal Disclaimer Here.