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The New DU. Reply #111: That wasn't the monthly payment. Offset is up to 100% of loan amount.
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Statistical
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Thu May-06-10 01:27 PM
Response to Reply #105 |
| 111. That wasn't the monthly payment. Offset is up to 100% of loan amount. |
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Edited on Thu May-06-10 01:33 PM by Statistical
She owed $10,000 The payments weren't give but figure 6% interest that would be more like $70 to $120 a month (depends if it is 10 year or 20 year note).
Once you default an offset by the bank it up to 100% of loan amount not just past due amount.
If she had $6000 they would have taken $6000. If she had $9000 they would have taken $9000.
On edit: Tombstoned. That didn't take long.
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