Legal Question in Real Estate Law in Florida
Financial
Is there a way to quietly negotiate with a bank to take back your home or negotiate a lesser interest rate.
3 Answers from Attorneys
Re: Financial
Remain calm, understanding and don't raise your voice.
Re: Financial
Jokes aside; your bank probably doesn't want to foreclose on you. Talk to them and they might be willing to lower your payments/interest or both. Good luck!
Re: Financial
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You can try, but do not count on it as a definite until the bank would agree. This is called a short sale but banks have become very reluctant to allow one in recent years. You can also try to reduce your mortgage if your credit would warrant a reduction based on your credit score and the current market.
Scott R. Jay, Esq.
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