...offerred to reduce my principal balance by $20,000 when I refinance my mortgage with them."
I told Janet she can't afford to pass that up. Janet is selling her Lees Summit home with us and has been working hard to reduce her principal balance, as the mortgage note ws substantially higher than the fair market value....We spoke about the language she should use with the mortgage holder, and then reviewed the information we would generate and present to assert fair market value.
The lender carefully reviewed the data at hand and agreed the loan balance significanty overstated the value of the home.
Should we talk?