Why do loan servicing companies refuse to negotiate short pay on foreclosures when homeowner has obtained new?

Question: homeowner in foreslosure obtains new loan (higher than normal) and is still short money to stop foreclosure usually short 10,000 to 16,000
interest money and penalties

Answer:
Each lender is different to work with, some will negotiate while others wont. You may want to look into hiring a short sales specialist to negotiate for a fee.

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