home liens

Question

Oct 15, 2007, 10:51 AM

grayfur

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Join Date: Oct 2007

Posts: 1

home liens

I have a second mortgage on my home...the original amount was like 13,500.00. no payments have been made for a long time on it. there is a lien against my home for the original amount. i am refinancing and when i called the co. for a pay off on the second mortgage they gave me some ungodly amount like 27,000.00 for interest and late charges. legally do i have to pay the bigger amount or just what the lien against the home is for?

Answers

Oct 15, 2007, 10:54 AM	#2

ScottGem Computer Expert Join Date: Jan 2003 Location: LI, NY - USA Posts: 25,382 Pay to call ScottGem for advice ($.75/min)	You have to pay what you owe. If your contract included interest accruals and late charges then that's what you owe. You might try negotiating with them, but with a lien, they have the leverage.

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