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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] trustor responded to a letter Posted by Bryan on January 16, 2002 at 5:48 PM Hi Ward I'm sorry I have so many questions but your answers are very helpful. I received a call from a trustor that I sent a letter to. It sounds like he will just about give the property to me maybe for a $1000 or $2000. He has a 1st with a balance of about $42,000 and $2,830 in arrearage that filed nod on 1/4/02 and a 2nd with a balance of $50,000 and $3,208 in arrearage that filed nod on 1/16/02. He owes $600 in property tax. If I paid the $2,000 the equity would be $9,362 I think that is not good enough. The condo is vacant and the trustor will not come up with the money. Should I try to buy the 2nd at a discount and then make a deal with the trustor or walk away or is it to soon? Thank you Bryan Follow Ups: Re: Smells like a deal in here. Ward-CA- 7:40 PM, 01/16/02 (1) Re: Smells like a deal in here. Ward-CA- 10:33 PM, 01/16/02 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Hi Ward : I'm sorry I have so many questions but your answers are very helpful. I received a call from a trustor that I sent a letter to. It sounds like he will just about give the property to me maybe for a $1000 or $2000. He has a 1st with a balance of about $42,000 and $2,830 in arrearage that filed nod on 1/4/02 and a 2nd with a balance of $50,000 and $3,208 in arrearage that filed nod on 1/16/02. He owes $600 in property tax. If I paid the $2,000 the equity would be $9,362 I think that is not good enough. The condo is vacant and the trustor will not come up with the money. Should I try to buy the 2nd at a discount and then make a deal with the trustor or walk away or is it to soon? Thank you Bryan 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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