Q: Trying to work w/bank on lowering payments on motorhome so affordable. bank won't. letter cure default. what can bank do
A: The bank has no duty to lower payments. Once the time runs to cure the missed payments, the bank can then take action to foreclose on the lien. If there is a foreclosure, the bank will sell the motorhome and if it sells for less than the payoff, they may come after you for the deficiency.
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