If you thought it was valued incorrectly then why did you not object there and then? And if you thought it was overvalued then why did you agree to the purchase price?however this is not a consideration as they valued it and it was valued incorrectly.
Defaulting and pulling banks through courts takes a minimum of 3 years.
Wise up im looking for financial advise not moral advise.
Back in 1930's im omaha the government wrote off mortgages for farmers.
Back in 1930's im omaha the government wrote off mortgages for farmers.
Constructive advise please.
Please, pleeeease give me an invitation to go into the bank with you to hear you tell them this. I would love to see the reaction. They will have a great funny story to tell in the canteen for months starting with 'You wouldn't believe what a customer said the other day ....' and then the laughter will be heard for miles. I really suggest you do this and then you can bring me to court for advising you to do it when you end up paying back the defaulted money over the rest of your life.Im looking to state to the bank look im going to default unless you take it back and to add it to your bad debt loans. Under these circumstances i may decide to throw them an extra 30k ontop and allow them to take a 150K drop in value of the mortgage. However if they decide they dont want it well then they can goto court.
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