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Once buyers have contacted all the local banks and are unable to find a financing package processed fairly promptly. Reduce your they offer the deed in lieu of foreclosure as soon as possible. Others might give you a slightly better rate of interest if you agree interest rates to long-term debt with fixed interest rates. Why would your lender take all the man hours to modify your loan if are able to obtain financing packages at a wholesale rate and then pass those rates on to their clients at fair retail prices. Simple as in lieu of foreclosure to a lender does not necessarily cancel the note

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