Quote:
Originally Posted by LM2008  When is the best time to try to negotiate a short payoff of a HELOC? Do you call them immediately after you are certain that the first will foreclose and you can't do anything about it or do you do it right before the final foreclosure sale? This question is in respect to a situation where you have both a 1st and a 2nd with the same lender. Any advantages or disadvantages either way and how will the lender react? If you negotiate a short payoff on a HELOC, will the same lender delay or accelerate a foreclosure or take a different path like decide to go after a deficiency? |
Hello,
I hope you are still viewing and participating in this Thread. I quoted the Message above, because I have exactly the same question, except that my 1st and HELOC are not the same lender.
The timing question for negotiating the HELOC is very important to me also. Hope you can answer it.
Thank you.