InnoVest's Foreclosure Forum
Ward takes the stairs.

InnoVest Resource Management's

Foreclosure Forum

Home

Discussion Board

"Hands-On" Training

Title Holding Trust

Annual Reunion

Speaking Schedule

Store

Foreclosure Fundamentals

Code References

Recent Legislation

50 State Foreclosure Basics

Foreclosure Glossary

Foreclosure Statistics

75+ Yrs Interest Rates

Fillable Forms

Archived Articles

Dingbat Retirement Plan

Links

Booklist

Contact / Map | Priceline Tips

About Us

Home

 

Innovest Resource Management BBB Business Review

Recent purchase of second TD

August 07, 2014 08:51PM
Hello All,

I recently purchased a second TD at Trustee's sale. A bit of background: I calculated the best case scenario for the balance on the first TD by doing an amortization table based on the recorded first mortgage. I also calculated the likely balance on the first TD by assuming it had a balance equal to the ratio of default on the second. I then did the combined math for the first balance and what I was will to pay to stack in the second. I know that there is risk with this purchase but I feel that I purchased with a margin of safety.

Anyway my specific question is: Because I'm getting some resistance from the first in providing me with the payoff, can somebody please refer me to the law or legal language which requires the lender on the first TD to provide me with the payoff?

Thanks in advance for your assistance!
Subject Author Views Posted

Recent purchase of second TD

Silverblue59 4280 August 07, 2014 08:51PM

Re: Recent purchase of second TD

Scott 2990 August 08, 2014 05:11AM

Re: Recent purchase of second TD

Silverblue59 3158 August 08, 2014 07:52AM

Re: Recent purchase of second TD

Scott 3717 August 08, 2014 09:53AM

Re: Recent purchase of second TD

Bill H 2994 August 09, 2014 12:12PM

Re: Recent purchase of second TD

warrenasher 2892 October 05, 2014 07:06PM

Re: Recent purchase of second TD

Silverblue59 2883 October 05, 2014 07:40PM

Re: Recent purchase of second TD

Rick the probate guy 3006 August 10, 2014 09:53AM



Sorry, only registered users may post in this forum.

Click here to login

Information provided by this website is for informational purposes only and is not a substitute for professional advice. Please consult your investment advisor and/or attorney before entering into any transaction. Read our privacy policy.

Copyright © 1997-2024, InnoVest Resource Management
http://www.foreclosureforum.com

InnoVest Resource Management, 4569-A Mission Gorge Place, San Diego CA 92120-4112
(619) 283-5444, Fax (619) 283-5455