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Do lenders really reduce principal balances as a part of a Loan Renegotiation?

April 26, 2017balances lenders loan Principal reduce renegotiation

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Do lenders really reduce principal balances as a part of a Loan Renegotiation?

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Yes. However, the lender reserves the right to determine if, under what circumstances and by what amount a request for principal balance is granted. Typically, a request for principal balance reduction will not be less than what the property is worth.