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Advice Needed re: Settlement with Real Time Resolutions


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We have just agreed to pay about 25% of the balances due on mortgages on 3 of our rental properties. He assured me that the paperwork they send will guantee that they will release the mortgages and consider the mortgage as satisfied when the full balance is paid

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He said they will also state they will not pursue us for any deficiency balance.

 

It is scheduled that we pay 90% of it within 7 days and the 10% balance within 60 days.

 

Are there other things I should be asking for? Should I ask for a confidentiality agreement so that I can get these trade lines removed within the year? I know I will get the 1099's...don't see a way around that.

 

But I know there are people much more knowledgeable than me about these things and I could sure use your input.

 

Thanks in advance for any help you might be able to giive!

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