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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Opportunity with this 2nd TD? Posted by - Alfred -- CA on January 16, 2002 at 4:36 PM Hi Ward, Tracked down a junior bene in Tennessee. There is a 55K 2nd secured by a property here in West LA. Turns out their father, who just passed away, sold his house to someone and carried the 55K as a balloon which was due in full in Oct of 2001. The 1st began foreclosure proceedings Dec 5, 2001. Looks to be about 40-50K in equity. Turns out the trustor declared BK and flew the coop. The house is sitting vacant and no one knows where he is. The father's heirs contacted trustor's lawyer and he said "you can't talk to him even if you find him". Anyway... it looks like a shut and closed case and not something for a JBB specialist to pursue. But just wanted to run it by you... do you see any opportunity here or should we just steer clear? Thanks in advance. Follow Ups: Re: Really, need more info. Ward-CA- 2:39 PM, 01/20/02 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Hi Ward, : Tracked down a junior bene in Tennessee. There is a 55K 2nd secured by a property here in West LA. Turns out their father, who just passed away, sold his house to someone and carried the 55K as a balloon which was due in full in Oct of 2001. The 1st began foreclosure proceedings Dec 5, 2001. Looks to be about 40-50K in equity. Turns out the trustor declared BK and flew the coop. The house is sitting vacant and no one knows where he is. The father's heirs contacted trustor's lawyer and he said "you can't talk to him even if you find him". Anyway... it looks like a shut and closed case and not something for a JBB specialist to pursue. But just wanted to run it by you... do you see any opportunity here or should we just steer clear? Thanks in advance. 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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