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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Reinstating 1st loan in Default Posted by Jim on January 31, 2002 at 2:49 PM Given: 1st Note/T.D. has recorded Notice of Default. Investor buys note secured by a 2nd, seller financing, T.D. This note is paid current. The clock ticks until nvestor has to reinstate 1st to protect his investment. Once 1st is paid current, Trustor picks-up payments on the 1st and keeps both notes paid on time. Question: Does the 2nd note holder have any remedy to recover his reinstatement costs? Thanks, Jim Follow Ups: Re: The second is still in default! Jim V 3:19 PM, 01/31/02 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Given: 1st Note/T.D. has recorded Notice of Default. Investor buys note secured by a 2nd, seller financing, T.D. This note is paid current. The clock ticks until nvestor has to reinstate 1st to protect his investment. Once 1st is paid current, Trustor picks-up payments on the 1st and keeps both notes paid on time. : Question: Does the 2nd note holder have any remedy to recover his reinstatement costs? : Thanks, Jim 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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