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ccc_business · Joined: 19 Nov 2010 Posts: 1 1.26 Dollars($)

HAVE A CASH OUT EXISTING LOAN AT 12.5 % AND CARRIER WELLSFARGO SAYS IN TEXAS CAN'T DO A LOAN MODIFICATION...BUT IT'S JUST ABUSIVE, PREDATORY. WE SIGNED AT 11 % AND ENDED AT 12.5 %. WHAT CAN I DO ?

jameshogg · Posted: Fri Nov 19, 2010 11:00 pm Post subject:

Hi ccc_business,

Unless the lender agrees to give you a loan modification, you won't be able to get affordable rates to pay off the mortgage. In that case, you will have to sell off the property to pay off the loan.

Thanks

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LOAN MODIFICATION IN TEXAS

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