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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: EASY is the name of the game. Posted by Ward-CA- on January 10, 2002 at 5:34 PM In Reply to: Re: EASY is the name of the game. posted by Ward-CA- on January 09, 2002 at 2:19 PM Thanks for your reply Ward. But I am still uncertain as to how I prevent the house from being foreclosed on if it is already scheduled. Do I call the mortgage company after I get the information from the seller? Also, how do I get the exact dollar amounts for the foreclosed mortgage so that I can offer this amount on the purchase agreement. I would like to show up prepared to have the sellers sign the purchase agreement and not have to wait to get accurate figures. Or even worse offer the wrong price. I plan to pay the sellers at closing out of my own funds but finance the property through a tradiional lender. =•=•=•=•=•=•=•=•=•=•= Donna, if you’re using an escrow then escrow will contact the foreclosing lender and get the payoff figures. Ask escrow to ask the lender to temporarily stop the foreclosure to allow the property to be sold. Escrow will ask for the lender’s payoff demand which will be an exact dollar amount as of a ceertain date and grow daily by a certain amount. So it will be a determinable figure. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : Thanks for your reply Ward. But I am still uncertain as to how I prevent the house : from being foreclosed on if it is already scheduled. : Do I call the mortgage company after I get the information from the seller? : Also, how do I get the exact dollar amounts for the foreclosed mortgage so that I : can offer this amount on the purchase agreement. I would like to show up : prepared to have the sellers sign the purchase agreement and not have to wait to : get accurate figures. Or even worse offer the wrong price. I plan to pay the sellers : at closing out of my own funds but finance the property through a tradiional : lender. : =•=•=•=•=•=•=•=•=•=•= : Donna, if you’re using an escrow then escrow will contact the foreclosing lender and get the payoff figures. Ask escrow to ask the lender to temporarily stop the foreclosure to allow the property to be sold. : Escrow will ask for the lender’s payoff demand which will be an exact dollar amount as of a ceertain date and grow daily by a certain amount. So it will be a determinable figure. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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