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Will I be responsible for any out-of-pocket expenses if I am approved for a workout option?

By: Meg Dilts

You may have to pay expenses such as recording fees for a loan modification. Because every situation is different, contact your lender for more information. But, if a lender has no contact with you and has to start foreclosure, you may have to pay very high legal fees. To avoid this, call your lender as soon as you realize you might have trouble.


Source: U.S. Department of Housing and Urban Development


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Date Added: 2009-04-30 Views : 119

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